According to new data from CoinShares, major asset managers, including BlackRock and Fidelity, have recorded significant cash inflows into their crypto investment products. In the last week, the amount reached $1.24 billion, marking the tenth consecutive week of net inflows.
Ten Weeks of Steady Growth
Over the past ten weeks, the total net inflow reached $14.1 billion, setting a new record for the year. Since the beginning of the year, the total amount of inflows has reached $15.1 billion. James Butterfill from CoinShares noted that the total asset size in the sector has increased to $176 billion. Despite a slowdown in activity towards the end of the week, the main inflows came from the U.S., attracting $1.25 billion.
Interest in Bitcoin and Ethereum
Bitcoin-based investment products saw their second week of consecutive net inflows, attracting an additional $1.1 billion. According to Butterfill, this indicates that investors are buying shares at lower prices. Ethereum-based investment products, in turn, increased their inflows for the ninth consecutive week by $124 million, marking the longest streak since mid-2021. However, much of the Ethereum inflow came from products outside the U.S., as local ETFs contributed only $40.3 million.
Outflows in New Altcoins
Investment products based on Solana, XRP, Chainlink, Cardano, and Litecoin also demonstrated inflows of $2.8 million, $2.7 million, $600,000, $300,000, and $200,000, respectively. However, products based on Sui faced outflows of $500,000.
Major investment companies continue to experience investor confidence in cryptocurrencies, despite uncertainties in the markets. Given the current data, it can be assumed that interest in crypto assets will remain high.
