Crypto:
30188
Bitcoin:
$67.956
% 0.97
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 67.956
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Inflows into Crypto Funds Continue: Volume Jumps 55% in One Week

Tempory 17

Digital asset and cryptocurrency funds saw net inflows of $2 billion last week. This marks the fifth consecutive week of inflows, bringing the total investment during this period to $3.4 billion. Compared to the previous week, ETF/ETP volume surged by 55%, exceeding $12.8 billion.

Crypto investment products ended last week with a $2 billion increase. Bitcoin funds received the majority of the investment, with net inflows of $1.97 billion. Ethereum funds saw inflows of $68.9 million, while altcoin funds also attracted investments.

Solana, Litecoin, and Chainlink funds each received $700,000 in net investment, while XRP funds saw a net inflow of $1.2 million. Fantom funds experienced a notable inflow of $1.4 million.

US and BlackRock Lead the Pack

For the fifth consecutive week, funds continued to see net inflows, with total investments during this period reaching $3.4 billion. Weekly volume increased by 55% from the previous week, surpassing $12.8 billion. BlackRock’s iShares Bitcoin fund attracted the most investment, with $948 million, followed by Fidelity with $680 million. US-based funds led with $1.9 billion in investments, while Hong Kong was the closest competitor with $26 million.

Short Bitcoin funds experienced outflows of $5.3 million, marking the third consecutive week of outflows for these funds.

Since the beginning of the year, Grayscale has seen net outflows of $17 billion. Despite this, the company maintains its leadership in the sector with a total fund value of $31.8 billion.

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