Cryptocurrencies have seen record inflows in the first 11 months
So far, $ 9.5 billion has flowed into the sector

Cryptocurrency products and funds saw record inflows in the first 11 months of the year as institutional investors poured into the space despite the price declines in recent weeks, data from digital asset manager CoinShares showed on Monday.
Total inflows into the sector as of November 26th were $ 9.5 billion, an all-time high. In 2020, total Bitcoin inflows were $ 6.7 billion.
That week, inflows reached $ 306 million.
CoinShares data shows that after launching another investment product in Europe, Bitcoin saw its highest inflows in five weeks, totaling $ 247 million.
According to media reports, Invesco has launched an exchange-traded Bitcoin product in Europe. CoinDesk meanwhile reported that the asset manager WisdomTree has listed a trio of crypto basket ETPs on the SIX Swiss Exchange and the Xetra Exchange in Frankfurt.
The world's largest cryptocurrency has seen inflows totaling $ 2.7 billion for 11 straight weeks, according to CoinShares.
Bitcoin's inflows last week came as the price fell 2.3%, after falling 10.4% the previous week. Bitcoin price fell almost 9% on Friday as investors ditched the virtual currency for fear of the effects of the new COVID-19 variant, Omicron. Most recently, it was 2% higher at $ 58,483.
"Inflation is skyrocketing and people are looking for alternatives for their money in the bank," said Ruud Feltkamp, head of the cloud-based automated crypto trading bot, Cryptohopper.
"I don't think it will be long before investors see this as a 'cheap' buying moment. We are still in the middle of the bull cycle and I think rising inflation will mean more money in stocks and shares Crypto is invested, "he added.
Ethereum-based products and funds, meanwhile, posted $ 23 million in inflows for the fifth straight week.
In terms of inflows relative to assets under management, Polkadot and Solana continue to be the winners, with inflows representing 8.6% of AUM or $ 11.5 million and 5.9% or $ 14.6 million, respectively. Dollars mattered last week.
CoinShares also announced that it is also tracking blockchain stock ETPs, which currently have an AUM of $ 3.7 billion. These ETPs received $ 20 million in inflows last week, for a total of $ 2 billion year-to-date.
