- Crypto investment products hit a record $3.85 billion in weekly inflows.
- Bitcoin led with $2.5 billion, while Ethereum saw a record $1.2 billion.
Crypto investment products recorded their largest-ever weekly inflows of $3.85 billion last week, according to CoinShares. The surge surpassed the previous record of $3.12 billion set only weeks ago.
Bitcoin led the inflows, attracting $2.5 billion and bringing its year-to-date (YTD) total to $36.5 billion. Short Bitcoin products saw only $6.2 million in inflows, reflecting limited investor interest in bearish bets. Ethereum followed with a record $1.2 billion, marking its strongest week since Ethereum spot ETFs launched earlier this year.
đź“°UPDATE: CRYPTO INVESTMENT PRODUCTS REPORT RECORD WEEKLY INFLOWS OF $3.85B, LAST WEEK
— BSCN Headlines (@BSCNheadlines) December 10, 2024
YTD inflows for all digital asset products now total $41 billion, pushing assets under management (AUM) to a historic $165 billion. This figure more than doubles the previous high of $83 billion in 2021. Blockchain equities also saw $124 million in inflows, their largest weekly increase since January 2023, driven by improving Bitcoin miner margins.
Despite the sector’s overall growth, Solana faced $14 million in outflows, marking its second consecutive week of negative sentiment. This contrasts with Ethereum’s robust performance and highlights diverging trends within the crypto market.
Regional Inflows Led by U.S. Investors
The United States dominated inflows, accounting for $3.6 billion, reflecting strong participation from American investors. Other notable regions included Switzerland with $160 million, Germany with $116 million, Canada with $14 million, and Australia with $10 million.
Bitcoin’s performance has continued to bolster confidence, particularly as it surpassed significant price milestones. Investors remain cautious on short products, signaling optimism about the cryptocurrency’s momentum.
Ethereum’s all-time high inflows stemmed from the success of Ethereum ETFs and increased interest in decentralized finance (DeFi). Blockchain equities also saw significant demand, reflecting growing investor confidence in sector fundamentals like Bitcoin mining profitability.
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