Crypto Investment Inflows Soar Since July: CoinShares

According to a new report, digital asset investment products continued to see considerable inflows last week, reaching the highest volume levels since July 2023.

In its weekly analysis report for Oct. 9, the crypto asset management company CoinShares reported that crypto investment products received a total of $78 million in inflows for the second week in a row.

According to CoinShares, the volume of crypto exchange-traded products (ETPs) reached $1.1 billion last week, a 37% increase from the previous week.

Solana one-year price chart. Source: CoinGecko

The report notes that Bitcoin volume increased by 16% on reputable exchanges. Solana, the eighth largest cryptocurrency by market capitalization, has maintained its position as the “altcoin of choice” as its weekly inflows reached their highest level since March 2022.

According to data from CoinGecko, the cryptocurrency is up approximately 14% over the past 30 days but is still down approximately 32% over the past year.

Despite the general growth of crypto product inflows, some of the largest crypto investment products have experienced more muted movements.

United States Ethereum futures exchange-traded funds (ETFs), which debuted trading on Oct. 2, attracted only around $10 million in the first week, emphasizing “tepid appetite,” CoinShares stated.

In addition to asset-by-asset analysis, CoinShares reported that 90% of all crypto asset inflows originated in Europe, while the United States and Canada received a combined $9 million.

Crypto flows by country of exchange. Source: CoinShares

Germany and Switzerland, according to the data, contributed the most to the increase in inflows, with $37.3 million and $31.3 million in inflows, respectively.

Last week, the two nations accounted for 88% of all crypto asset product inflows. The announcement comes as CoinShares works to expand its operations in the United States with the launch of its first offerings in September 2023.

The corporation is confident that the United States is the global leader in the development and regulation of digital assets.