A recent CoinShares report revealed that cryptocurrency investment products attracted $1.9 billion in inflows during the past week. This marks an extension of a nine-week trend totaling $12.9 billion.
Market Performance and ETF Impact
Last week, Bitcoin investment products dominated with $1.3 billion in inflows after two weeks of minor outflows. The total assets under management in crypto ETPs reached $179 billion, up from $175.9 billion the previous week. CoinShares head of research, James Butterfill, noted that the weekly performance set a historic record for year-to-date inflows at $13.2 billion.
Surge in Institutional Investment
BlackRock's crypto ETF led gains among issuers with $1.5 billion in inflows last week, pushing year-to-date inflows past $14.2 billion. CoinDesk analysis showed the fund's 90-day rolling volatility dropped to 47.64, the lowest since its January 2024 debut.
Ethereum and Alternative Assets
Ether ETPs ranked second in inflows, maintaining positive trends with $583 million in inflows last week. These inflows represented Ethereum's largest gains since February. XRP products saw $11.8 million in inflows after three weeks of outflows, while Sui attracted an additional $3.5 million.
The wave of institutional flows into cryptocurrencies continues to grow, indicating a rising recognition of crypto assets. Trends in institutional investment are expected to persist into the coming year.
