Second-Highest Weekly Inflow of $1.8 Billion Sets Record for Crypto Funds

Crypto funds have made a significant impact in the financial world, attracting a staggering $1.8 billion in net inflows. This surge can be credited to major asset managers like Fidelity, Bitwise, Grayscale, 21 Shares, BlackRock, ProShares, and Ark Invest, who have expanded their offerings in the global digital asset investment sector.

The trading volume of global digital asset investment products skyrocketed to new heights in just one week, surpassing even the US spot Bitcoin ETFs. “Trading volumes in investment products reached a record of over $30 billion for the week, accounting for 50% of global bitcoin daily trading volumes on trusted exchanges,” stated James Butterfill, CoinShares Head of Research.

While the US spot Bitcoin ETFs were once leaders in the crypto market, they now trail behind with a total trading volume of $22.3 billion in a week. However, the ETF trading volume still stands at an impressive $73.9 billion, highlighting the lasting impact of these diversified investment offerings.

Interestingly, Switzerland-based funds have emerged as leaders in this crypto fund surge, attracting the largest inflows of $20 billion. On the other hand, countries like Canada, Sweden, and Germany are experiencing outflows, with figures standing at $23 million, $33 million, and $35 million respectively.

With increasing trading volumes and net inflows, digital assets are proving to be a formidable force, outperforming traditional financial instruments and reshaping the future of global investment.