- Crypto investment products saw $882 million in inflows last week, nearing record levels for total assets under management.
- Bitcoin ETFs attracted the majority of funds, with BlackRock leading inflows while Grayscale and Bitwise posted outflows.
- Total crypto market value climbed to nearly $3.5 trillion, driven by rising investor demand and broader economic influences.
Global cryptocurrency investment products brought in $882 million in new funds last week, with total assets under management reaching $169 billion. The recent activity pushes these funds close to the historic $173.3 billion record set in January, according to data from CoinShares.
Over the past four weeks, exchange-traded products (ETPs) for digital assets recorded $6.3 billion in net inflows, accounting for 93% of all investment this year. Year-to-date figures now stand at $6.7 billion, approaching the $7.3 billion all-time high from earlier this year, according to James Butterfill of CoinShares.
The increase in inflows was mainly focused on Bitcoin (BTC), which attracted $867 million of new investments last week. This brought year-to-date Bitcoin inflows to $6.6 billion, with its total assets under management rising to $146 billion. In contrast, products tracking Ether (ETH) saw lighter interest, drawing in $1.5 million for the week and reaching $12 billion in managed assets. Among smaller cryptocurrencies, Sui (SUI) led with inflows of $11.7 million. Solana (SOL) was the only altcoin to see net outflows, losing $3.4 million last week.
BlackRock’s iShares crypto products stood out with $1 billion in inflows over the week, as reported by CoinShares. So far this year, BlackRock has collected $8.1 billion, outpacing the industry’s total. Other large fund issuers showed mixed results: Grayscale and Bitwise both recorded outflows, losing $168 million and $27 million respectively. Fidelity and ARK reversed earlier trends with $62 million and $46 million in new inflows.
Crypto markets remain in a strong phase, with Bitcoin recently reclaiming the $100,000 mark for the first time since January. The total market value for all cryptocurrencies reached nearly $3.5 trillion, according to CoinGecko. This is 11% below the all-time peak of $3.9 trillion set in December 2024.
“We believe the sharp increase in both prices and inflows is driven by a combination of factors: a global rise in M2 money supply, stagflationary risks in the US and several US states approving Bitcoin as a strategic reserve asset,” said James Butterfill of CoinShares.
At the time of publication, Bitcoin was trading at $104,407, just under its historic high of $106,000 from December 2024.
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