Last week’s record-breaking inflow of investment products into digital assets
Last week, the inflow of investment products into digital assets reached $176 million, the most significant number since October 2021. This marked the 10th consecutive week of inflows totaling $1.76 billion, or 4% of assets under management (AuM), according to a CoinShares report.
Highest inflow of assets into crypto funds since October 2021
The inflow of assets into crypto funds was the largest since October 2021 when a crypto futures ETF was launched in the United States.
Total AuM up 107% this year
Additionally, total AuM is up 107% this year, but at $46.2 billion, it remains well below the all-time high of $86.6 billion seen in 2021, according to analysts. ETP trading volumes remain high at $2.6 billion weekly, representing 12% of total Bitcoin (BTC) volume.
Bitcoin and Ethereum dominate inflows
Bitcoin received inflows of $133 million, while short Bitcoin saw inflows of $3.6 million last week. Ethereum saw an additional $31 million in inflows last week, bringing this 5-week period to $134 million.
Inflows into blockchain stocks continue
Blockchain stocks have seen inflows for seven straight weeks, with the latest week’s $17.4 million inflow being the largest since July 2022.
Crypto market receives more funds than at the beginning of the bull market in 2021
Last week, analysts reported that the inflow of funds into investment products with digital assets amounted to $346 million in a week. In nine weeks, the crypto market received more funds than at the beginning of the bull market in 2021.
Hot Take: Crypto Investments Continue to Surge
The inflow of investment products into digital assets has reached record-breaking numbers, demonstrating the increasing popularity and confidence in cryptocurrencies. With Bitcoin and Ethereum leading the way, investors are pouring millions of dollars into these assets, resulting in substantial growth in total assets under management. Blockchain stocks are also experiencing significant inflows, indicating a broader interest in the technology behind cryptocurrencies. This surge in investments shows that despite market fluctuations, the crypto market remains attractive to investors seeking high returns. As more funds flow into digital assets, the industry’s potential for further growth and innovation continues to expand.
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