According to CoinShares’ latest Digital Asset Fund Flows report, institutional investors poured $1.98 billion into crypto products last week, largely due to “macroeconomic factors and US political shifts.”
Source: CoinShares
Leading the flows are U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), which last week pulled over $1.75 billion in combined net inflows. As of this week, Bitcoin and Ethereum ETFs are already on track to outperform as funds continue to break records this week.
Globally, CoinShares notes it’s the fifth consecutive week of inflows, with year-to-date inflows hitting a record $31.3 billion, and trading volumes increased to $20 billion, the highest since April 2024.
The U.S. absorbed roughly 98.5% of these inflows, pulling $1.95 billion. Switzerland and Germany also pulled solid inflows of $23 million and $20 million, respectively.
Bitcoin Dominant
Of all the digital assets garnering attention last week, the premier and reigning king of crypto, Bitcoin, accounted for $1.8 billion of the week’s inflows. The report also notes that $900 million of the $1.8 billion figure was accrued following the U.S. Federal Reserve’s announcement to slash interest rates in September. Underscoring this, CoinShares writes:
“A combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment.”
As per CoinMarketCap, Bitcoin dominance is 59.2%, with the Fear & Greed Index now scoring 85, pointing to “Extreme Greed.” Analysts anticipate a pullback at some point as BTC continues to challenge the $90,000 threshold.
All this institutional hype could soon trickle down to Ethereum, which has begun the week with almost $300 million in net inflows, massively outperforming last week’s record-setting performance.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
