Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs
According to data, the cryptocurrency market witnessed an important milestone last week, with global investment products recording net inflows of approximately $3.13 billion, driven primarily by U.S. spot Bitcoin exchange-traded funds (ETFs). data From CoinShares.
This surge highlights the growing institutional interest and confidence in the cryptocurrency market, with Bitcoin leading the way. CoinShares revealed that so far this year net inflow Investment volume in cryptocurrency funds has reached $37 billion, and total assets under management (AUM) surged to a new high of $153 billion.
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Bitcoin leads, altcoins show growth
The recent inflows mark the seventh consecutive week of positive moves for global cryptocurrency investment products managed by leading firms such as BlackRock, Fidelity, Grayscale and ProShares.
A large portion of last week’s inflows, about $2.05 billion, came from BlackRock’s IBIT products, underscoring the dominance of U.S. funds in the global arena. Those inflows exceed the size of the U.S. gold ETF’s first-year debut, which attracted just $309 million.
Bitcoin-based funds are at the forefront of inflows, contributing $3 billion to the weekly total. This inflow coincides with Bitcoin’s continued price rise, attracting additional interest from institutional and retail investors.
However, the price increase also spurred $10 million in inflows into short Bitcoin products, taking the monthly figures for these products to $58 million, the highest level since August 2022.
While Bitcoin dominates, altcoins also attract significant investment. Solana Became the second most popular asset among institutional investors, with weekly net inflows of $16 million, exceeding Ethereum’s $2.8 million.
Other altcoin-based funds also saw significant inflows, with XRP, Litecoin and Chainlink attracting $15 million, $4.1 million and $1.3 million respectively. These inflows indicate growing confidence in the broader altcoin market, driven by price rebound and increase adoption.
Global cryptocurrency inflows and regional trends
The dominance of U.S. funds in regional flows is evident, with weekly net inflows reaching $3.2 billion.
However, this was slightly “offset” by outflows from European markets, with crypto investment products in Sweden, Germany and Switzerland accounting for $84 million, $40 million and $17 million respectively.
Despite these regional outflows, the overall trend remains bullish, driven primarily by institutional participation in the U.S. market.
Notably, the continued inflows into CoinShares reflect a combination of factors, including positive market sentiment toward a bull run and growing acceptance of cryptocurrencies as a legitimate asset class.
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The launch of a spot Bitcoin ETF is a key development. It provides institutional investors with regulated access to digital assets.
As a result, the cryptocurrency market is undergoing a transformation Towards mainstream adoptionfurther supported by strong price performance and continued capital inflows across a variety of investment products.
Featured image created using DALL-E, chart from TradingView
