Record-breaking inflows into digital asset investment products highlight growing investor confidence in Bitcoin and Ethereum. (Photo by Michael M. Santiago/Getty Images)
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Key Takeaways
Ethereum experienced significant inflows last week.
Solana faced consecutive weeks of outflows, indicating potential concerns or waning interest.
The broader blockchain sector, including blockchain equities, witnessed increased investor interest driven by improving Bitcoin miner margins.
Crypto investment products saw record inflows last week, marking the largest weekly surge in the sector’s history. This massive influx eclipsed previous highs, signaling a sharp increase in investor confidence.
According to CoinShares, crypto investment products saw a historic influx last week, with a staggering $3.85 billion pouring in—marking the largest weekly inflow ever recorded in the sector.
Year-to-date inflows now total $41 billion, pushing assets under management to a new all-time high of $165 billion—well above the 2021 peak, when inflows totaled $10.6 billion, and assets under management (AUM) peaked at $83 billion.
Inflows by asset class. Source: CoinShares.
Geographically, inflows were widespread, with the U.S. leading the charge at $3.6 billion.
Other significant contributors included Switzerland with $160 million, Germany with $116 million, Canada with $14 million, and Australia with $10 million.
Bitcoin (BTC) dominated inflows with $2.5 billion, bringing its year-to-date total to an impressive $36.5 billion.
Meanwhile, short Bitcoin products saw modest inflows of $6.2 million, indicating investor caution in betting against the cryptocurrency’s recent bullish momentum.
Ethereum’s Milestone Inflows Eclipse Solana
Ethereum (ETH) saw its largest weekly inflow on record last week, with $1.2 billion pouring in—surpassing even the ETF-driven surges in July.
The influx marks a sharp contrast to Solana’s (SOL) recent struggles, which experienced $14 million in outflows for the second consecutive week.
Weekly inflows in crypto assets investments. | Credit: CoinShares
The broader blockchain sector also experienced a resurgence, with blockchain equities drawing $124 million in inflows—the largest weekly gain since January.
This uptick is largely attributed to stronger margins for Bitcoin miners, which have helped restore investor confidence.
While ETF providers did not specify inflows by asset class, BlackRock’s iShares (IBIT) led the pack with $3.2 billion in inflows last week, bringing its year-to-date total to $37.07 billion.
In contrast, Grayscale Bitcoin Trust (GBTC) saw the largest outflow of the week, totaling $340 million, pushing its 2024 outflows to $20.61 billion.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
