CoinShares reported $3.4 billion in institutional inflows into digital assets, driven by investor concerns over tariffs and a weak US dollar. Bitcoin led with $3.2 billion, while Ethereum saw a bounce back after previous outflows. Conversely, Solana faced outflows, with other altcoins struggling to gain traction.
Institutional investments in digital assets surged last week, as revealed by CoinShares in their latest report. The firm noted that inflows reached a staggering $3.4 billion, marking the third-highest week on record. This surge is believed to be linked to investor anxiety surrounding tariffs and a weakening US dollar, pushing many to consider digital assets as a safer alternative.
The United States led the charge in inflows with the entire $3.4 billion reported, while Germany and Switzerland contributed $41 million and $51 million, respectively. Bitcoin continues to dominate the market, attracting $3.2 billion, while short-Bitcoin products barely made a dent with just $1.6 million in inflows. As for Ethereum, it bounced back with $183 million after eight consecutive weeks of outflows.
Notably, Solana was the odd one out, experiencing outflows of $5.7 million. Other altcoins barely stirred, apart from Sui and XRP, which brought in $20.7 million and $31.6 million, respectively. It seems the market is largely drawn to Bitcoin and Ethereum, while interest in altcoins remains subdued.
In a climate where investors are apprehensive about traditional market vulnerabilities, the rush into cryptocurrencies suggests a growing perception of digital assets as a renowned safe haven. Still, potential investors are reminded of the inherent risks associated with cryptocurrencies. Due diligence remains paramount before diving into such volatile investments.
