Digital asset funds noticed $3.7 billion of inflows final week, the second-largest determine on report, in response to information tracked by crypto asset supervisor CoinShares.
The flows are surpassed solely by these within the week ended Dec. 6 final yr, after they topped $4 billion, the Jersey-based firm mentioned in its weekly roundup on Monday.
The thirteenth consecutive week of features by crypto funding merchandise took whole asset underneath administration (AUM) previous $200 billion for the primary time, reaching $211 billion.
U.S.-listed merchandise dominated the inflows with practically $3.74 billion registered, whereas merchandise in Germany and Sweden noticed outflows of $85.7 million and $15.7 million respectively.
Bitcoin merchandise accounted for $2.7 billion of the inflows taking the overall AUM to $179.5 billion, which is the same as 54% of the AUM held in gold exchange-traded merchandise (ETPs), CoinShares mentioned.
The week ended July 11 noticed a kickstart to the crypto bull market, with bitcoin gaining practically 10% to clock an all-time excessive of round $118,000. This has continued into the present week, with BTC climbing as excessive as $122,873.45, in response to CoinDesk information.
