Key Point:
- CoinShares has revealed a record $2.45 billion inflows into crypto ETFs in a single week.
- With this number, the crypto ETF AuM has effectively recovered to its December 2021 level.
- Bitcoin dominated with $2.4 billion in inflows, followed by Ethereum with $21 million.
CoinShares, a prominent European investment firm specializing in digital assets, is highlighting global trends in crypto-based investing, with its recently listed US Bitcoin ETF attracting attention.
In a recent update on X, CoinShares revealed that crypto exchange-traded fund (ETF) inflows reached a record $2.45 billion last week. The company further said that this significant capital inflow has returned assets under management (AuM) to levels last seen in December 2021.
Specifically, the report revealed that AuM across all crypto ETFs now stands at $67 billion, with year-to-date inflows reaching $5.2 billion.
🟢 Last week, inflows reached a record USD 2.45 billion, returning AuM to December 2021 levels!
💹Assets under management: USD 67 billion
🗓 Year-to-date inflows: USD 5.2 billion
– Regional dynamics –
🇺🇸 United States: USD 2.4 billion (99% of inflows)
🇩🇪 Germany: USD 13 million inflow
🇨🇭 Switzerland: USD 1 million inflow
In terms of the geographic distribution of increased inflows to crypto ETFs last week, the United States dominated. In particular, the United States accounted for a staggering 99% of the inflow at $2.4 billion. Sweden put $26 million into crypto ETFs, followed by Germany with $13 million, and Switzerland saw an inflow of $1 million.
As for the crypto assets that experienced the most inflows, as expected, Bitcoin came out on top with $2.4 billion, accounting for 99% of the total inflows. The report highlighted that short Bitcoin saw an inflow of $5.8 million.
Following Bitcoin, Ethereum (ETH)-based ETFs were the next to take positions, accumulating $21 million, while Avalanche (AVAX)-related ETFs hit $1 million. However, the ETF linked to Solana (SOL) experienced an outflow of $1.6 million.
CoinShares said the U.S. trend shows growing interest in spot-based ETFs. Additionally, the firm observed that $167 million in outflows from crypto ETFs suggests investors have chosen to capitalize on the gains. It was also noted that some investors took advantage of this opportunity to increase their short positions in Bitcoin.
