CoinShares reports surge in institutional capital in crypto markets
CoinShares, a digital asset management firm, has reported a significant influx of institutional capital into the crypto markets, indicating a positive shift in investor sentiment. This information comes from CoinShares’ most recent Digital Asset Fund Flows Weekly Report. According to the report , the crypto market s have seen the highest inflows for 2023, following BlackRock’s application for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). You might also like: BlackRock nears bitcoin ETF filing, partnering with Coinbase custody The week witnessed the most significant weekly inflows since July 2022, amounting to $199 million. This influx corrected nearly half of the outflows observed over the previous nine consecutive weeks. The report further stated that exchange-traded product (ETP) trading volumes were 170% of the average for the current year, totaling $2.5 billion for the week. CoinShares attributes this renewed o...