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Crypto Inflows Surged To Record High $2.45 Billion Last Week, CoinShares Says

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Inflows into crypto investment products hit a record high $2.45 billion last week with the US and Bitcoin the big winners, CoinShares said.

That elevated the total assets under management to $67 billion, marking the highest level since December 2021, CoinShares said in a Feb. 19 report. Last week’s inflows pushed inflows for the year to date to an impressive $5.2 billion.

The vast majority of inflows, around 99%, were directed to the US, driven by interest in spot Bitcoin ETFs (exchange-traded funds), with an equivalent percentage of inflows being invested in the very dominant Bitcoin.


CoinShares Says LINK and MATIC Stand Out Because Of Consistent Inflows

Altcoins Ethereum (ETH) and Avalanche (AVAX) saw inflows of $21 million and $1 million, respectively. Meanwhile, Chainlink (LINK) and Polygon (MATIC) each recorded inflows of $0.9 million, two altcoins that stand out because they are seeing consistent weekly inflows, CoinShares said. 

The recent network outage suffered by Solana seems to have impacted sentiment around SOL, causing $1.6 million in outflows. Among nations, Sweden was the biggest loser with $26 million of outflows.

Investors in blockchain equity ETFs took profits last week, triggering outflows of $167 million. Some investors also took the opportunity to add to short-BTC positions, as bets against the leading crypto registered $5.8 million of inflows.

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