Crypto Funds Witness $708,000,000 Inflows; Here’s Why
The latest data reveals investors piled back into crypto investment funds last week. Investors have injected $708 million amidst a prolonged market rebound. The surge brings total year-to-date inflows close to $1.6 billion, according to researcher CoinShares.
Key details on the state of crypto investment fund flows:
- Crypto funds booked $708 million in inflows last week, per CoinShares.
- Bitcoin led the way with $703 million, or 99% of all inflows.
- Year-to-date inflows now approach $1.6 billion.
- Total assets under management across crypto funds top $53 billion.
CoinShares reported positive investment flows across digital invest investment products like exchange-traded funds (ETFs), lifting year-to-date inflows to $1.6 billion.
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Bitcoin leads the crypto inflow with $703 million
Bitcoin inflows are leading the charge, capturing $703 million last week—over 99% of all inflows. Trading volumes in crypto ETPs also bounced to $8.2 billion, aggregating almost a third of all Bitcoin exchange volumes.
However, the catalyst for the demand for new US-regulated Bitcoin ETFs since launches started in January. Four straight weeks have seen over $1.9 billion enter the ETF segment alone, nearing $7.7 billion total thus far.
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Beyond Bitcoin, smaller-cap token Solana outpaced inflows to other majors like Ethereum and Avalanche, with $13 million entering last week. Only minor outflows plagued funds tracking short Bitcoin positions.
While one equity fund issuer saw a $147 million exit last week, a fleet of blockchain stock funds combined to gather $11 million in fresh inflows.
