Digital Asset Investment Products See Record-Breaking Inflows
CryptoNewsTerminal Staff28 May, 2024
Digital Asset Investment Products See Record-Breaking Inflows
Digital asset investment products have seen a surge in net inflows, reaching a new annual record of $10.5 billion last week. This marks the third consecutive week of net inflows, according to CoinShares' weekly fund flow report. The United States market accounted for the bulk of the inflows, with net inflows of approximately $10.03 billion. However, Grayscale's Bitcoin Trust (GBTC) saw net outflows of $15 million. Despite the outflows from GBTC, cumulative inflows for the year have already surpassed the previous record high, reaching $14.9 billion in just five months. This significant milestone highlights the growing interest in digital asset investment products among institutional investors. The inflows suggest that investors are increasingly recognizing the potential of digital assets as a diversifier and a source of potential returns. As the market matures and regulatory clarity improves, we can expect to see continued growth in digital asset investment products.
