Digital Asset Investment Vehicles See Record Yearly Flows
Digital asset investment vehicles are experiencing a surge in yearly flows, with crypto asset management firm CoinShares reporting record inflows in its latest Digital Asset Fund Flows Weekly Report. According to the report, crypto exchange-traded products (ETPs) received nearly a billion dollars in inflows last week alone.
“Digital asset investment products recorded a fourth consecutive week of inflows, totaling US$882m globally. Year-to-date (YTD) inflows now stand at US$6.7bn, approaching the US$7.3bn peak reached in early February this year. We believe the sharp increase in both prices and inflows is driven by a combination of factors: a global rise in M2 money supply, stagflationary risks in the US, and several US states approving Bitcoin as a strategic reserve asset.”
While Canada and Hong Kong saw outflows of $8 million and $4.3 million, respectively, the United States led the world with $840 million in inflows, followed by Germany and Australia at $44.5 million and $10.2 million, respectively. Bitcoin (BTC) attracted the majority of inflows.
“Bitcoin dominated inflows, attracting US$867m globally last week. It also reached a new milestone, as US-listed ETFs recorded cumulative net inflows of US$62.9bn since their launch in January 2024, surpassing the previous high of US$61.6bn set in early February.”
While Bitcoin saw significant inflows, SUI ETPs received $11.7 million in inflows, with Ethereum (ETH) vehicles seeing only $1.5 million. This highlights the continued popularity and demand for Bitcoin investment products.
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