Crypto fund inflows at major asset managers, including CoinShares, 21Shares, Bitwise, Grayscale and ProShares, have surpassed $1 billion for the year, adding $293 million in the latest seven-week streak.
Year-to-date inflows have reached $1.14 billion, marking the third-highest yearly inflow on record. Total assets under management have risen by 9.6% in the last week and 99% since the beginning of the year, reaching $44.3 billion—the highest since the major crypto fund setbacks in May 2022.
Bitcoin investment products led the influx with $240 million, while short Bitcoin products saw outflows of $7 million, reflecting positive sentiment. Bitcoin exchange-traded products (ETPs) made up nearly 20% of the total bitcoin trading volume last week, indicating increased participation by ETP investors compared to the 2020/21 rally.
Ether-based products experienced their largest inflows since August 2022, adding $49 million, following the prior week’s $17.5 million, suggesting a notable shift in sentiment. Solana-based funds received significant inflows of $12.4 million in a week when the crypto asset surged over 40% to around $62, currently trading at approximately $57.
Over the past week, Bitcoin and Ether gained around 4.5% and 7.6%, with current prices at $36,693 and $2,042, respectively.
Regional contributions were led by Canada, the U.S., Germany, and Switzerland, contributing $105.7 million, $81.1 million, $52.9 million, and $50.3 million, respectively.
Blockchain equity ETFs saw their largest inflows since July 2022, totaling $14 million, bringing net flows to a positive $11 million for the year.
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