Key Takeaways
- Crypto investment products saw $1.9 billion in inflows last week, the ninth consecutive week of gains.
- Bitcoin posted its first inflow in three weeks, while Ethereum extended its winning streak.
- The U.S. led the charge, followed by Switzerland, Germany, and Canada, while Hong Kong and Brazil saw notable outflows.
Crypto investment products are riding another wave of institutional inflows, even as broader markets remain shaky.
According to the latest data from CoinShares, crypto investment products brought in $1.9 billion last week, marking the ninth straight week of inflows.
That brings the year-to-date total to an impressive $13.2 billion. The appetite for digital assets remains strong, especially with geopolitical tensions heating up in the Middle East.
Bitcoin and Ethereum See Renewed Interest
Bitcoin (BTC) finally snapped a two-week streak of outflows, pulling in $1.3 billion last week, its best showing since mid-May.
That’s despite a small uptick in short Bitcoin product inflows, suggesting that bullish sentiment is holding firm.
Ethereum (ETH) also extended its inflow streak with another $583 million last week—its biggest weekly and daily inflow since February.
With $2 billion in cumulative inflows so far this year, Ethereum investment products now account for 14% of total assets under management (AuM).
Altcoins and Regional Trends
It wasn’t just the big two getting love from investors. XRP and Sui both saw inflows after weeks of outflows, with $11.8 million and $3.5 million, respectively.
Regionally, the U.S. was the clear leader, accounting for nearly all of last week’s inflows.
Switzerland followed with $39.2 million, Germany with $20.7 million, and Canada with $12.1 million.
Meanwhile, Hong Kong saw $56.8 million in outflows, and Brazil posted a modest $8.5 million in redemptions.
Despite the market’s ups and downs, one thing is clear: institutional interest in crypto hasn’t cooled off. If anything, it’s heating up.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
