Global Crypto Investments Surge to Record $2.7 Billion in Weekly Inflows

In an unprecedented surge, global crypto investment products experienced a historic influx of $2.7 billion last week, signaling strong confidence among investors and propelling assets under management (AUM) back to December 2021 levels.

Record $2.7 Billion Flows Into Crypto Investments in a Historic Week

The record-breaking week saw digital asset investment vehicles garner inflows of $2.45 billion, propelling the year’s total to $5.2 billion. This influx, coupled with upward price trends, has lifted the AUM to $67 billion, a peak not seen since December 2021.

In the report, Coinshares‘ James Butterfill highlighted that the U.S. was at the forefront, contributing to 99% of these inflows, signaling a rapid increase in net inflows across providers and a growing interest in spot-based exchange-traded funds (ETFs). Bitcoin overwhelmingly led these inflows, despite some investors betting against it via short positions.

Ethereum enjoyed a boost with $21 million in inflows, while Solana faced withdrawals due to recent declines. The report also noted steady inflows for other cryptocurrencies like Avalanche, Chainlink, and Polygon, indicating varied investor interest. In contrast, blockchain equity ETFs saw $167 million in outflows as investors chose to cash in on rising gains.