Institutional inflows have declined 59% this past week, but AUM is at an all-time high.
According to digital asset investment manager, CoinShares, institutional demand in the U.S. has declined slightly however European funds are still buying.According to Coinshares’ March 22 Fund Flows Weekly report, combined flows into institutional crypto products totaled $99 million for the week ending March 20.The data indicates a significant decline in institutional demand, with inflows down 59% from the previous week, which recorded $242 million.However, the researchers noted that the assets under management figure for the top institutional investment products reached a record high of $57 billion.The report added that while demand has declined in the U.S., institutions located in Europe and Canada continued buying last week. Daily volumes for Bitcoin related products have also declined by around 35% to $713 million per day versu
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