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Crypto investment products near all-time high with weekly net inflow of $1.84 billion

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Crypto-related investment products saw significant inflows last week, totaling $1.84 billion, the second-largest weekly inflow this year, according to the latest CoinShares weekly report.

This large influx was also accompanied by a record trading volume of over $30 billion during the same period, which at times accounted for 50% of global daily Bitcoin trading volumes on trusted exchanges.

James Butterfill, Head of Research at CoinShares, added:

“Total assets under management (of crypto ETPs), after recent price increases, are now very close to the all-time high at $82.6 billion, just below the high of $86 billion set in early November 2021. “

American domination continues

The United States maintains its dominance in crypto investment product flows, continuing to be supported by the introduction of Bitcoin ETFs, with the majority of digital asset net inflows reported last week at $1.88 billion .

While the United States leads the charge, global responses vary. Switzerland recorded $20 million in inflows, contrasting with outflows from Sweden, Germany and Canada, amounting to $32 million, $35 million and $23 million, respectively.

Crypto ETP feed
Global ETP Flows (Source: CoinShares)

Bitcoin products remain at the forefront among assets, with an inflow of $1.72 billion, accounting for 94% of the total inflows recorded last week.

Notably, CryptoSlate Insight reported that Bitcoins held in global ETPs have crossed the one million mark. These ETPs have seen a significant inflow of 133,000 BTC over the past 90 days, primarily attributed to the success of spot Bitcoin ETFs in the United States.

On the other hand, investors betting against rising Bitcoin prices have allocated $22 million to short-selling-related investment products despite the current market rally.

Ethereum has seen significant inflows amid the rise of the crypto market in tandem with Bitcoin. Ethereum products saw inflows totaling $85 million last week, marking their largest weekly inflow since mid-July 2022. Despite this, ETH products’ assets under management stand at $14.6 billion , down from a high of $23.7 billion.

Similarly, Polygon, XRP, and Chainlink saw inflows totaling $7.6 million, $2.5 million, and $1.6 million, respectively. However, Solana continues its third consecutive week of releases, grossing $12 million.

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