Investments in digital assets have seen a significant surge, with institutional investors leading the charge. Data from CoinShares shows that crypto investment products have attracted $1.2 billion in the past week, marking the fourth consecutive week of gains. Bitcoin has seen an influx of $933 million, bringing the total year-to-date flows to $4 billion.
Meanwhile, Ether has attracted $192 million, the third consecutive week with inflows exceeding $190 million. Blockchain equity ETFs have also seen significant growth, with inflows totaling $617 million over the past three weeks. This surge in demand for indirect exposure to cryptocurrency is a notable trend, with investors seeking to capitalize on the growth of the sector without directly holding cryptocurrencies.
The upcoming week will be crucial in determining whether institutional flows can sustain the current momentum, with megacap tech earnings set to influence the broader market sentiment.