CoinShares, a digital assets manager, reported that institutions invested a staggering $2 billion into crypto products just last week. This amount equals the total inflows from the previous four weeks combined, as stated in their latest Digital Asset Fund Flows report.

According to CoinShares, the influx of funds into digital asset investment products reached $2 billion last week, marking a five-week total of $4.3 billion. Trading volumes in exchange-traded products (ETPs) surged to $12.8 billion for the week, a 55% increase from the previous week. Interestingly, there was a significant increase in inflows across various providers, with a noticeable decrease in outflows from established players. The change in sentiment is attributed to weaker macroeconomic data in the US, prompting expectations of a monetary policy rate cut.

In the US alone, nearly $2 billion flowed into digital assets, setting the record for the third-largest daily inflow on the first day of the period. Bitcoin (BTC), the largest cryptocurrency by market capitalization, attracted the majority of the inflows at $1.97 billion. Conversely, short-bitcoin products experienced outflows for the third consecutive week, totaling $5.3 million.

Among altcoins, Ethereum (ETH) led the pack with $69 million in inflows. XRP, Chainlink (LINK), Solana (SOL), and BNB also saw inflows of $1.2 million, $0.7 million, $0.7 million, $0.7 million, and $0.2 million, respectively.

To stay up to date with the latest news and trends in the cryptocurrency market, subscribe to receive email alerts directly to your inbox. Follow The Daily Hodl on Twitter, Facebook, and Telegram for real-time updates.

Please be aware that the opinions expressed in this article are not investment advice. It is essential for investors to conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are done at your own risk, and any potential losses are solely your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Additionally, please note that The Daily Hodl engages in affiliate marketing activities.