The continuous influx of funds into crypto over the past six weeks surpassed the total inflows observed in 2022.
Last week, Ethereum recorded its highest weekly inflows since August 2022.
Digital asset investment products recorded inflows totaling $261 million last week, marking the sixth consecutive week of inflows, digital asset investment firm CoinShares found in a new report.
Source: CoinShares
According to the report, the six-week run of inflows of $767 million exceeded the total inflows of $736m recorded in the whole of 2022. Coinshares noted:
“This run of inflows now matches the July 2023 run of inflows and is the largest since the end of the bull market in December 2021.”
Last week’s inflows brought the year-to-date (YTD) fund flows to a net positive of $847 million, and the total assets under management (AUM) for crypto-related investment products to over $30 billion at the end of the window period observed.
On a regional level, most of last week’s flows into crypt
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