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CoinShares Reports $1.24B in Weekly Crypto Inflows, Marking 10 Straight Weeks of Gains
- CoinShares reported $1.24 billion in weekly crypto inflows, marking 10 straight weeks of gains.
- Total year-to-date inflows reached $15.1 billion amidst market fluctuations.
- Inflows tapered due to the US Juneteenth holiday and US-Iran geopolitical concerns.
- Bitcoin and Ethereum products led institutional interest in the digital asset market.
- Bitcoin received $1.1 billion in inflows, while Ethereum saw $124 million entering the market.
- Ethereum’s streak of positive sentiment over nine weeks amounted to $2.2 billion.
- Modest inflows were seen in altcoins like Solana and XRP-based products.
- US investors led in inflows, with Canada and Germany also recording net inflows.
- Hong Kong and Switzerland experienced outflows, indicating regional divergence.
- The US market's dominance in inflows was tempered by a slowdown in the latter half of the week.
- Institutional comfort with crypto investments is growing, reflected in the YTD figure of $15.1 billion.
- Regulatory discussions and approvals for digital asset products continue across major markets.
- CoinShares data suggests ongoing institutional engagement amidst market uncertainties.
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