CoinShares Sees Record Inflows Figure of $1.47 Billion

CoinShares, one of the world’s largest digital asset management firms, has released its weekly digital asset fund flows report, noting a record inflow of $1.47 billion last week.

According to the report shared with Finance Magnates, US$1.47 billion was invested in digital asset investment products last week, the largest amount on record. In addition, a new record was set during the week when total assets under management reached US$79.2 billion but closed the week at US$76.7 billion.

The US Securities and Exchange Commission’s (SEC) approval of a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ETF investing in futures and the subsequent listing of two Bitcoin investment products resulted in record inflows of US$1.24 billion. Additionally, a number of altcoins won inflows, including Binance Coin (BNB), Cardano (ADA) and Solana (SOL), with $8.1 million, $5.3 million and $1.8 million, respectively. In addition, Bitcoin has seen 99% of the inflows over the last week, CoinShares noted.

“Inflows into Bitcoin products were also seen in other regions totaling US$138m, although there was evidence of profit-taking with some older investment products seeing outflows. Ethereum saw outflows for a 3rd consecutive week totaling US$1.4m in what we believe is minor profit taking as the price closes-in on all-time-highs,” the report added.

Recent Announcements

Early this month, an investment of $11,845,790 was made by CoinShares in FlowBank, a Geneva-based online bank. FlowBank holds 110,000 shares of the company or 9.02% of its enlarged share capital. FlowBank was founded by Charles-Henri Sabet in 2020 and is licensed by the Swiss Financial Market Supervisory Authority (FINMA).

FlowBank offers a wide range of services. Among the financial products available to the company’s clients are stocks, bonds, commodities, ETFs, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs. The crypto ETPs offered by CoinShares are already available to customers of FlowBank. The Swiss crypto ecosystem has grown significantly in the last 12 months. During the last week of September 2021, the Swiss Financial Market Supervisory Authority approved the country’s first cryptocurrency fund.