CoinShares, a digital assets manager, has reported that institutional investors invested over a billion dollars into cryptocurrency products last week following the approval of a Ethereum exchange-traded product (ETP) by the U.S. Securities and Exchange Commission (SEC). According to CoinShares’ latest report, digital asset investment products reached a new record with inflows of $14.9 billion so far this year. The total assets under management of crypto ETPs have also risen to nearly $100 billion as a result of last week’s activity. The majority of the inflows came from the US, followed by Germany and Switzerland, while Hong Kong experienced outflows. Bitcoin received the largest share of inflows, while Ethereum, Solana, Litecoin, XRP, and Chainlink also saw positive inflows. CoinShares suggests that the inflows into Ethereum may be a reaction to the SEC’s approval of ETH ETFs.