Fresh off Bitcoin’s climb past $37,000, CoinShares Head of Research James Butterfill told Decrypt on Friday that investors have poured over $1.07 billion into digital asset investment products so far this year.

The recent activity represents a notable jump from the $847 million in annual inflows that CoinShares relayed Monday. The report covers allocations to products like Grayscale’s Bitcoin Trust (CBTC) and Bitwise’s 10 Crypto Index Fund (BITW).

“This year is the third largest year on record in terms of just pure inflows,” Butterfill said, noting that CoinShare’s data goes back to 2015. “It’s just a lot of demand, a lot of interest, and I’ve not experienced this level of interest since 2021.”

The industry weathered a steep drop in digital asset prices last year amid the blowup of several high-profile firms. At the time, Bitcoin fell as low as $15,649 and inflows were relatively subdued at just $389 million, Butterfill said. However, he believes the recent deluge of inflows is representative of a change in sentiment among investors, especially institutions.

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Author: André Beganski

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