2 min läsningBitcoin Etfs Saw the Largest Inflows on Record Last Week Totalling us$3.12bn
Digital asset investment products saw the largest weekly inflows on record, totalling US$3.13bn, bringing total year-to-date inflows to a record $37bn.
Bitcoin saw inflows of US$3bn, although the prices reaching new highs also prompted further inflows into short-bitcoin investment products of US$10m.
Solana outpaced Ethereum last week with inflows of US$16m versus US$2.8m, although significantly trails Ethereum on YTD measures.
Digital asset investment products saw the largest weekly inflows on record, totalling US$3.13bn, bringing total inflows since mid-September, when interest rates were first cut in the US, to US$15.2bn. Year-to-date inflows now stand at a record $37bn, driven primarily by Bitcoin, far outpacing the debut of US Gold ETFs, which attracted just $309 million in their first year.
The inflows into the US of US$3.2bn were offset by outflows from Germany, Sweden and Switzerland of US$40m, US$84m and US$17m respectively, where recent price highs were seen as an opportunity to take profit rather than add to positions. More positive sentiment was seen in Australia, Canada and Hong Kong, with inflows of US$9m, US$31m and US$30m respectively.
Bitcoin saw inflows of US$3bn, although the prices reaching new highs also prompted further inflows into short-bitcoin investment products of US$10m, with monthly inflows of US$58m marking the largest inflows post since August 2022.
Solana outpaced Ethereum last week with inflows of US$16m versus US$2.8m, although significantly trails Ethereum on YTD measures. Altcoins XRP, Litecoin and Chainlink also saw measurable inflows of US$15m, US$4.1m and US$1.3m respectively. Multi-asset investment products saw its 2nd consecutive week of outflows totalling US$10.5m.
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