Massive Cash Rush: Crypto Funds Surge With Over $500 Million Inflows Fueled By Bitcoin ETFs

Crypto investment products have seen a notable surge in investor interest, marking their 4th consecutive week of substantial inflows. According to recent data from CoinShares, these products attracted roughly $598 million in investments over the past week alone.

This influx of capital brings the year-to-date inflows to $5.7 billion, indicating a sustained appetite for digital assets among institutional and retail investors alike.

How To Get Free Crypto  

Amidst this surge in investment, it is noteworthy that the influx has been primarily driven by the introduction of new spot Bitcoin exchange-traded funds (ETFs) in the United States. These ETFs have quickly gained traction, attracting massive amounts in net flows.

CoinShares’ Head of Research, James Butterfill, highlighted the significance of these inflows, noting that they account for 55% of the record inflows witnessed throughout 2021.

Regional Trends And Asset Performance

The data also reveals interesting regional trends in crypto investment. US-based funds led the way with the largest inflows, totaling approximately $610 million. However, despite this positive momentum, Grayscale, an “incumbent issuer,” experienced outflows of $436 million.

Meanwhile, Brazil and Switzerland recorded modest inflows of $8.2 million and $2.1 million, respectively. On the other hand, Canada saw the largest outflows of nearly $20 million from digital asset investment products.

Coinbase Banner  

Crypto asset flows by country. | Source: Coinshares

Bitcoin-based funds dominated the inflows, attracting $570 million in investments. This surge is dominated by spot Bitcoin ETFs in the US, which have accumulated over $5.5 billion in net flows since their launch earlier this year.

Ethereum products also experienced notable inflows, totaling $17 million. Additionally, Chainlink and XRP-based funds saw significant inflows of $1.8 million and $1.1 million, respectively.

Crypto asset flows. | Source: Coinshares

Crypto Market Outlook And Investor Sentiment

Despite the positive momentum in crypto investment products, certain assets faced challenges. Solana investment products saw outflows for the second consecutive week, accumulating to a total of $3 million.

Butterfill attributed this downturn to the network’s recent temporary downtime. Furthermore, blockchain-related stocks saw persistent outflows totaling $81 million. According to Butterfill, this indicates a sense of caution prevailing among investors in the present market conditions.

FreeBitcoin Banner  

It is worth noting that the overall trajectory of the global cryptocurrency market has been largely positive. Notably, the total market capitalization of crypto assets has recently surpassed the $2 trillion mark and shows a further increase of nearly 1% over the past 24 hours.

This surge in market capitalization can be attributed to the significant gains observed in cryptocurrencies such as Bitcoin and Ethereum, along with other major digital assets in the market. Despite experiencing a minor decrease of 1.7% in the past week, Bitcoin has maintained a substantial growth rate of over 20% throughout the past month.

BTC price is moving sideways on the 4-hour chart. Source: BTC/USDT on

Featured image from Unsplash, Chart from TradingView

Go to Source
Author: Samuel Edyme

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.