Crypto Investment Funds Attract $3.7B, Near Record High: CoinShares
Digital asset investment products pulled in $3.7 billion last week, marking the second-largest weekly inflow ever recorded, according to a report from CoinShares.
The only bigger weekly inflow occurred during the week ending December 6, 2024, when capital poured in above the $4 billion mark. Last week’s performance also extended the streak of positive inflows to 13 consecutive weeks, lifting total assets under management in crypto funds to a record $211 billion.
The surge was driven overwhelmingly by U.S.-listed funds, which accounted for $3.74 billion of the inflow. In contrast, funds based in Germany and Sweden recorded outflows of $85.7 million and $15.7 million, respectively.
Bitcoin-focused products remained the standout, attracting $2.7 billion in new investments. Assets under management in Bitcoin funds have now risen to $179.5 billion, equal to roughly 54% of the assets held in gold-backed exchange-traded products globally.
The strong inflows mirrored bitcoin’s recent price rally, with BTC climbing nearly 10% during the week ending July 11. The rally hasn’t stopped there: bitcoin recently reached $122,873, according to CoinDesk data.
