This year has seen a major surge in inflows for crypto investment products, hitting an annual record of $29.2 billion, as revealed by a recent report from CoinShares.

Weekly net inflows for the past week alone reached $2.18 billion, driven by various market factors and influenced significantly by the political climate in the United States.

Bitcoin Leads In Inflows, US Funds Dominate Market

CoinShares’ report highlighted that the substantial inflows, combined with price increases across major cryptocurrencies in recent months, have driven the total assets under management in crypto funds above the $100 billion mark.

This is only the second time crypto funds have reached this level, last seen in June at a peak of $102 billion. Weekly trading volumes also surged by 67% to $19.2 billion, representing around 35% of Bitcoin’s trading volume on major exchanges.

The report noted a distinct preference for Bitcoin among investors, with Bitcoin-related investment products accounting for $2.16 billion of the total global weekly net inflows.

US-based funds primarily contributed to last week’s net inflows, adding $2.23 billion. Other regions, such as Canada, Germany, and Switzerland, observed slight outflows, with Canadian funds seeing $24.4 million, German funds at $20.3 million, and Swiss funds at $13.8 million in net weekly outflows.

In addition to standard Bitcoin investment products, the report indicated that short-Bitcoin products saw inflows

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Author: Samuel Edyme