Digital asset investment products saw inflows last week totalling US$1.47bn, the largest on record by a significant margin.
During the week total assets under management reached a new record of US$79.2bn but closed week-end at US$76.7bn.
The record inflows were a direct result of the US Securities & Exchange Commission allowing a Bitcoin ETF investing in futures and the consequent listing of two Bitcoin investment products with inflows totalling US$1.24bn.
Other altcoins saw inflows with the most notable being Solana, Cardano and Binance.
Digital asset investment products saw inflows last week totalling US$1.47bn, the largest on record by a significant margin. The previous weekly record was seen earlier this year in February with inflows totalling US$640m. Inflows year-to-date now sit at US$8bn, far surpassing the record in 2020 of US$6.7bn.
During the week total assets under management reached a new record of US$79.2bn as Bitcoin prices reached new all-time-highs.
Bitcoin saw 99% of the inflows totalling US$1.45bn last week. The record inflows were a direct result of the US Securities & Exchange Commission allowing a Bitcoin ETF investing in futures and the consequent listing of two Bitcoin investment products with inflows totalling US$1.24bn.
Inflows into Bitcoin products were also seen in other regions totalling US$138m, although there was evidence of profit-taking with some older investment products seeing outflows.
Ethereum saw outflows for a 3rd consecutive week totalling US$1.4m in what we believe is minor profit taking as the price closes-in on all-time-highs.
Other altcoins saw inflows with the most notable being Solana, Cardano and Binance which saw inflows totalling US$8.1m, US$5.3m and US$1.8m respectively.
To access the full report, click here: https://coinshares.com/research/digital-asset-fund-flows