Crypto ETFs See Record-breaking $2.45 Billion Inflows in One Week

CoinShares, a prominent European investment firm specializing in digital assets, has highlighted the global trend in crypto-based investments, with the recently listed U.S. Bitcoin ETFs capturing the spotlight.

In a recent update on X, CoinShares disclosed that inflows into crypto exchange-traded funds (ETFs) reached a record of $2.45 billion last week. The company further stated that this substantial influx has propelled the asset under management (AuM) back to levels last seen in December 2021.

Specifically, the report revealed that the AuM of all crypto ETFs now stands at $67 billion, with a year-to-date inflow reaching $5.2 billion.

Regarding the geographic distribution of last week’s uptick in inflows to crypto ETFs, the United States dominated. In particular, the U.S. commanded a remarkable 99% share of the inflows with $2.4 billion. Sweden followed with $26 million committed to crypto ETFs, Germany trailed with $13 million, and Switzerland saw $1 million in inflows.

In terms of the crypto asset that experienced the most substantial influx of funds, Bitcoin predictably led the way with $2.4 billion, representing 99% of the total inflows. The report underscored that Short Bitcoin observed an inflow of $5.8 million.

Following Bitcoin, ETFs based on Ethereum (ETH) secured the next position, accumulating $21 million, while those tied to Avalanche (AVAX) recorded $1 million. However, ETFs linked to Solana (SOL) experienced an outflow of $1.6 million.

CoinShares remarked that the dynamics in the U.S. indicate a growing interest in spot-based ETFs. Moreover, the firm observed that a $167 million outflow from the crypto ETFs suggests investors opted to capitalize on profits. Also, it was noted that some investors seized the opportunity to increase their short Bitcoin positions.