Crypto Fund Flows Hit $3.85 Billion Weekly Record As Bitcoin And Ethereum Dominate

According to the latest report by CoinShares, crypto asset investment products have achieved a historic milestone, with weekly inflows totaling $3.85 billion, surpassing previous records set earlier this year.

CoinShares highlighted a surge in investor interest, propelling total year-to-date (YTD) inflows to $41 billion and assets under management (AuM) to $165 billion—a contrast to prior cycle highs in 2021, which saw YTD inflows of $10.6 billion and an AuM peak of $83 billion.

While Bitcoin continued to dominate, Ethereum posted its largest weekly inflows on record, highlighting the growing demand for major digital assets.

Bitcoin And Ethereum Lead Inflows

Bitcoin remained a key driver of the record-breaking numbers, with inflows amounting to $2.5 billion last week. This pushed its YTD inflows to $36.5 billion, solidifying its status as the leading digital asset. Interestingly, short Bitcoin products experienced subdued inflows of $6.2 million.

Historically, higher inflows into short Bitcoin products have been observed following sharp price rises, indicating investor caution amidst Bitcoin’s strong price momentum.

Ethereum emerged as another standout performer, recording its largest-ever weekly inflows of $1.2 billion. This surge surpassed the inflows seen during the ETF launches in July.

The increased demand for Ethereum highlights its growing significance in the crypto asset market. However, this growth has come at the expense of Solana, which saw outflows of $14 million for the second consecutive week, signaling a potential shift in investor sentiment.

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