Global crypto investment products see record weekly inflows: CoinShares

Crypto investment products saw their largest weekly inflows on record, totaling over $3.85 billion, according to CoinShares.

This brings the funds' year-to-date (YTD) net inflows to $41 billion, with total assets under management (AuM) reaching a new all-time high of over $165 billion.

"Digital asset investment products saw the largest weekly inflows on record last week totalling, smashing the prior record set just a few weeks ago," CoinShares Head of Research James Butterfill said in a blog post.

Regionally, several countries saw inflows, with the U.S. leading at $3.6 billion, followed by Switzerland ($160 million), Germany ($116 million), Canada ($14 million), and Australia ($10 million).

Digital asset investment products saw a record-high weekly inflow of $3.85 billion last week, according to CoinShares. Image: CoinShares.

Bitcoin saw the greatest share of inflows, totaling $2.5 billion, bringing its year-to-date inflows to $36.5 billion.

"Short bitcoin products saw tepid inflows of $6.2 million," Butterfill said. "Historically, we have seen much higher inflows after sharp price rises, suggesting investors remain cautious about betting against the recent strong price momentum."

U.S.-based funds dominated overall, with $2.74 billion worth of net inflows over the past week, according to The Block's data.

CoinShares research also noted that Ethereum products saw their largest weekly inflows on record, totaling $1.2 billion, surpassing the inflows from the ETF launches in July.

"This has come at the expense of Solana, which has seen $14 million in outflows, marking its second consecutive week of outflows," said Butterfill.

At publication time, bitcoin changed hands for $100,536, according to The Block’s Bitcoin Price Page — increasing by around 1% over the past 24 hours and up 4.7% over the past week. The GMCI 30 index, which represents a selection of the top 30 cryptocurrencies, is down 1.79% over the past day to 215.26.