Institutional traders have locked a record sum of capital into Bitcoin investment products despite trade volume declining during the second half of 2022.

Co-ordinate to CoinShares' Nov. 15 "Digital Asset Fund Flows Weekly" report, Bitcoin (BTC) investment products saw full inflows of $97.five one thousand thousand between Nov. 8 and 12 — pushing the sector's avails under direction (AUM) up to a record $56 billion. Twelvemonth-to-date (YTD) inflows also tagged $half-dozen.5 billion last calendar week.

Bitcoin instruments represented 64.6% of the $150.9 million that flowed into digital asset investment products terminal calendar week. While the tape AUM coincided with BTC establishing a new all-time high of roughly $69,000 last Midweek, the markets have since pulled back by 10% to last trade hands for $62,100.

Despite CoinShares noting that digital nugget investment products have seen inflows for thirteen consecutive weeks, the sector has posted "subdued volumes" during the latter one-half of 2022.

Co-ordinate to the report, daily volumes have averaged at $750 meg during the 2d half of the year — a 22% retracement compared to $960 1000000 during H1 2022.

While Ethereum saw the strongest weekly inflows amid altcoin-tracking products with $17.3 meg, the figure marked a 44% decline week-over-week for the asset class. Despite volume drying up, CoinShares reports a record AUM of $21 billion for Ethereum products while the cost of ETH posted record highs near $four,900 last We

Cardano (ADA) ranked as a close second, taking in $xvi.4 million to mail a 227% increase in weekly inflows. CoinShares said that it was unable to "place a discernible catalyst" driving the surging investment into Cardano funds.

Institutional traders have locked a tape sum of capital into Bitcoin investment products despite trade volume declining during the second half of 2022.

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The price of ADA also experienced a significant bounce this week, moving from effectually $2.00 on November. eight to around $ii.36 last Midweek. However, Cardano's price tumbled back down to $2.11 last Fri. ADA is nevertheless down 46% from its September all-fourth dimension high of $3.09.

Solana (SOL), Polkadot (DOT) and Ripple (XRP) investment products besides saw inflows of $nine.viii million, $five.ii million and $three.1 million, respectively, for the week.