- Digital asset investment products saw inflows totaling $293 million last week, pushing this 7-week influx series beyond $1 billion.
- The total Assets under Management (AuM) are currently at their highest level since the major crypto fund failures in May 2022, standing at $44.3 billion.
- Bitcoin witnessed inflows of $240 million last week, bringing its year-to-date inflows to $1.08 billion.
Capital inflows in digital asset investment products continued strongly last week: 7-week flow reached $1 billion!
Money Flow in Bitcoin and Crypto Investment Products
Digital asset investment products saw inflows totaling $293 million last week, pushing this 7-week influx series beyond $1 billion, and year-to-date inflows reached $1.14 billion, marking the third-highest annual influx recorded.
As a result of these inflows and recent price increases, the total Assets under Management (AuM) increased by 9.6% last week, reaching a 99% increase since the beginning of the year. The total AuM is currently at $44.3 billion, the highest level since the major crypto fund failures in May 2022.
Bitcoin Exchange-Traded Product (ETP) trading volume represented 19.5% of the total Bitcoin trading volume on reliable exchanges. This is a rare occurrence, indicating that ETP investors are much more involved in this rally compared to the 2020/21 period.
Bitcoin saw inflows of $240 million last week, bringing its year-to-date inflows to $1.08 billion. Meanwhile, short Bitcoin positions saw outflows of $7 million, indicating the continued positive sentiment.
Ethereum and Other Altcoins
Ethereum witnessed its largest inflow since August 2022, totaling $49 million. The last two weeks signaled a significant turnaround in sensitivity, likely associated with the recent spot-based ETF listing demand in the United States. Additionally, Solana saw inflows totaling $12 million.
Blockchain equity ETFs brought the flows since July 2022 to $14 million, bringing year-to-date flows to $11 million.
