Digital Asset Fund Traffic reached $3.7B last week, the second highest record: Coinshares


Digital Asset Funds had $3.7 billion inflows last week, the second largest number on record, according to data tracked by Crypto Asset Manager Coinshares.

The Jersey-based company says Weekly review on Monday.

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Crypto investment products earned total assets for the 13th consecutive week of earnings. (AUM) It exceeded US$200 billion for the first time, reaching US$211 billion.

The U.S.-listed products dominated by nearly $3.74 billion in registrations, while the outflows of products from Germany and Sweden were $85.7 million and $15.7 million respectively.

Bitcoin products inflows of $2.7 billion, reaching $179.5 billion, equaling 54% of AUM held in gold exchange products (ETP)Coinshares said.

The crypto bull market started in the week ending July 11, with Bitcoin hitting an all-time high of nearly 10%, at about $118,000. This continued until this week, with BTC climbing as high as $122,873.45 According to Coindesk data.





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