Bitcoin Products Dominate with $312 mn Inflow
US investors poured $346 million into digital asset investment products last week, marking the most significant weekly inflow in over two months.
This surge, fueled by widespread anticipation of a potential spot-based ETF launch in the US, echoes the fervor reminiscent of the late 2021 bull market.
The combination of price rises and continuous inflows has propelled total assets under management (AuM) to $45.3 billion, the highest point in over 18 months.
Bitcoin remained a dominant force, capturing $312 million in inflows last week, pushing year-to-date inflows past the $1.5 billion mark.
Despite short-sellers capitulating and experiencing the third consecutive week of outflows, Bitcoin’s assets under management have contracted by 61% since the peak in April 2023.
The volumes of exchange-traded products (ETPs) as a percentage of total spot Bitcoin volumes remain above average, representing 18% last week.
(With inputs from Shikha Singh)
You need to login in order to Like
