Investment products based on digital assets attracted $2.9 billion in the week from March 11 to March 15.
According to a report by CoinShares, capital inflows broke the previously set record of $2.7 billion. Inflows for the latest week totaled $13.2 billion since the beginning of the year, exceeding the total inflows in 2021 of $10.6 billion.
At the same time, trading volume for the week reached $43 billion. This is a record for the previous week and represents over 47% of the world's total Bitcoin (BTC) trading volume. Blockchain stocks saw their first inflow of $19 million after six weeks of outflows.
This week, global ETPs exceeded the $100 billion mark for the first time, but settled at $97 billion due to subsequent price corrections.
Bitcoin inflows totaled $2.86 billion last week, accounting for 97% of total inflows since the beginning of the year. At the same time, short Bitcoin inflows this year totaled $26 million, the fifth consecutive week. Major altcoins have suffered capital outflows, with Ethereum (ETH), Solana (SOL), and Polygon (MATIC) losing $14 million, $2.7 million, and $6.8 million, respectively.
One week earlier, from March 4, 2024 to March 8, 2024, capital inflows into crypto investment products reached a record level of $2.7 billion. Total inflows over the past two months reached $10.3 billion. For comparison, experts pointed out that in 2021 this figure will reach $ 10.6 billion. The first cryptocurrencies played an important role in increasing volumes. Bitcoin accounted for $2.6 billion.
