Recent data from CoinShares shows that crypto-based investment products saw an astounding net inflow of $1.35 billion over the past week.
According to the data, the total net inflow recorded in the past three weeks hit a whopping $3.2 billion, reflecting growing confidence and positive sentiment across the market.
Assets Flows
Interestingly, over the past seven days alone, Bitcoin-related investment products accounted for $1.27 billion of the total $1.35 billion net inflow recorded during this period.
Conversely, short-bitcoin investment products witnessed a net outflow of $1.9 million. The report highlights that short-bitcoin exchange-traded products (ETP) have seen $44 million in net outflows since March 2024, representing 56% of its total assets under management (AUM).
Ethereum ranked as the second asset with the most net inflow over the past week, totaling $45.3 million. Recall that Ethereum witnessed three consecutive weeks of net outflows last month. As of July 1, Ethereum-based investment products saw net outflows totaling $60.7 million in one week, marking its largest outflow since August 2022.
Ethereum Surpasses Solana YTD Flows
However, Ethereum has moved past the days of back-to-back outflows. With investors showing significant interest in the cryptocurrency, Ethereum-based ETPs witnessed a $45.3 million inflow last week.
Following the development, Ethereum overtook Solana as the altcoin with the most inflow year-to-date (YTD) at $103 million. Solana ETPs, which saw an inflow of $9.6 million last week, now boast a YTD inflow of $71 million.
ETPs related to other altcoins, such as Binance Coin, Litecoin, XRP, Cardano, and Chainlink, also recorded inflows in the past week, respectively totaling $400,000, $2.2 million, $500,000, $400,000, and $700,000.
Regional Flows
In terms of regional flows, the United States witnessed the largest inflows, gulping $1.29 billion of the total $1.35 billion. Switzerland ranked behind the U.S., with $66.3 million worth of inflow recorded. Notably, Canada and Australia saw inflows of $7.8 million and $3.8 million, respectively.
Conversely, Sweden, Brazil, and Hong Kong recorded minor outflows of $600,000, $1.7 million, and $1.9 million in the past week. Furthermore, Germany also saw outflows worth $5.2 million.
Flows By Providers
Meanwhile, BlackRock’s iShares Bitcoin ETF recorded the largest inflow in the “flows by provider” segment. The top fund attracted investments worth $707 million out of the $1.35 billion inflows. Interestingly, Fidelity’s Bitcoin ETF ranked in the second position, with an inflow of $244 million.
Other providers that witnessed inflows in the past week include ARK 21 Shares ETF, Bitwise ETF, and 21 Shares AG. These providers recorded inflows worth $99 million, $71 million, and $49 million, respectively.
Grayscale’s investment products saw the most weekly outflow at $52 million. In addition, Purpose Investment and CoinShares XBT recorded minimal outflows of $1 million each.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
