According to #CoinShares' weekly report of digital asset fund flows, there were about $ 33 million in #XRP products this week.
According to the latest information, institutional investors almost doubled their XRP investment products last week.
🚨XRP Investments Are Increasing
According to CoinShares' weekly digital asset fund flows report, there was approximately $ 33 million in XRP products this week, which increased the industry's AUM (assets under management) to $ 83 million.
The report describes the week as the highest rise for institutional crypto products since the beginning of March, with $ 233 million entering institutional funds.
Altcoins saw generally renewed market movements, with $ 65 million allocated to Ethereum products. Binance Coin funds attracted $ 3 million, Bitcoin Cash $ 4 million, Polkadot $ 5 million and Tezos $ 7 million. Roughly $ 6 million has been invested in multi-wealth products.
Bitcoin products, on the other hand , represent about 78% of institutional AUM at $ 50 billion, followed by Ethereum with a crypto product investment of $ 10.7 billion or 16.8%. All other crypto assets represent less than 1% of locked capital in the industry: Binance Coin represents $ 571 million, Polkadot $ 45 million, and Bitcoin Cash represents $ 16 million.
In addition to large inflows, corporate transaction volume also increased, reaching $ 4.8 billion, up 59% week on week. The all-time highs pushed the AUM of crypto investment products to record levels of over $ 64 billion.
🚨Investments Are Growing
Grayscale represents 77% of corporate crypto AUM at around $ 50 billion, followed by CoinShares at $ 5.7 billion, or almost 9% of the industry's total, and 3iQ at $ 1.9 billion, or approximately 3%.
North America's demand for institutional crypto products is due to several Bitcoin ETFs recently launched in Canada. appears to be growing, following the success of Canada, with Canadian regulators approving three Ethereum exchange trading funds, or ETFs for short, last week.