the main points:
- CoinShares Reveals Record $2.45 Billion Inflows into Cryptocurrency ETFs in One Week
- This number effectively brought the cryptocurrency ETF AuM back to December 2021 levels.
- Bitcoin dominates with an inflow of $2.4 billion, followed by Ethereum with $21 million.
CoinShares, a prominent European investment firm specializing in digital assets, has highlighted the global trend in cryptocurrency-based investments, with recently listed US Bitcoin ETFs grabbing the spotlight.
In a recent update to X, CoinShares revealed that inflows into cryptocurrency exchange-traded funds (ETFs) reached a record high of $2.45 billion last week. The company also stated that this significant inflow has pushed assets under management (AuM) to levels last seen in December 2021.
Specifically, the report revealed that assets under management for all cryptocurrency ETFs now stand at $67 billion, with year-to-date inflow reaching $5.2 billion.
🟢 Inflows reached a record high of $2.45 billion last week, bringing assets under management back to December 2021 levels!
💹 AuM: 67 billion US dollars
🗓 Inflows year-to-date: $5.2 billion
– Dynamics by region –
🇺🇸 USA: $2.4 billion (99% of inflows)
🇩🇪 Germany: inflows worth 13 million US dollars
🇨🇭 Switzerland: inflows worth one million US dollars
In terms of geographic distribution of the surge in flows into cryptocurrency ETFs last week, the United States dominated. In particular, the United States accounted for a notable 99% share of inflows of $2.4 billion. Sweden followed with $26 million allocated to cryptocurrency ETFs, Germany trailed with $13 million, and Switzerland saw inflows of $1 million.
In terms of crypto assets that saw the largest inflow of funds, Bitcoin was expected to lead the way with $2.4 billion, accounting for 99% of total inflows. The report confirmed that Short Bitcoin observed an inflow of $5.8 million.
After Bitcoin, Ethereum (ETH)-based ETFs took the next spot, accumulating $21 million, while those linked to Avalanche (AVAX) recorded $1 million. However, ETFs linked to Solana (SOL) saw an outflow of $1.6 million.
CoinShares noted that the dynamics in the US indicate a growing interest in spot trading-based ETFs. Furthermore, the company noted that an outflow of $167 million from cryptocurrency ETFs indicates that investors have chosen to take advantage of the gains. It was also noted that some investors took the opportunity to increase their short positions in Bitcoin.
