CoinShares, a digital assets manager, has reported that institutional investors have invested nearly $1 billion in crypto products last week. According to CoinShares’ latest report on digital asset fund flows, institutional investment in crypto products experienced a significant increase, with net inflows totaling $901 million. This month’s inflows account for 12% of the total assets under management, making it the fourth-largest month of inflows on record. In total, the inflows for this year amount to $27 billion, almost triple the record set in 2021, with $10.5 billion in inflows.

CoinShares attributes the rise in inflows to political hype in the US, noting a clear correlation between inflows and the Republican Party’s favorability in polls. The US led the inflows regionally with $906 million, followed by Germany with $14.7 million and Switzerland with $9.2 million. On the other hand, Canada, Brazil, and Hong Kong experienced outflows of $10.1 million, $3.6 million, and $2.7 million, respectively.

As usual, Bitcoin (BTC) products attracted the majority of the inflows, amounting to $920 million. However, there were outflows for smart contract platforms Ethereum (ETH) and Solana (SOL) products, with $35 million and $10.8 million, respectively.

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