Crypto investment products experienced significant momentum last week, recording $882 million in inflows globally, marking the fourth consecutive week of positive flows, according to CoinShares data. In 2024, digital asset investments have seen total inflows of $6.7 billion, rapidly approaching February's $7.3 billion high.
Last week, US spot Bitcoin ETFs surpassed $62.9 billion in cumulative net inflows since their January 2024 launch, exceeding the $61.6 billion record set in February, according to CoinShares. ETF issuers collectively received $867 million in fresh inflows last week.
BlackRock's iShares Bitcoin Trust (IBIT) led with 19 consecutive days of positive inflows, attracting over $5 billion. US-based crypto investment products pulled in $840 million, followed by Germany with $44.5 million and Australia with $10.2 million. Sui saw $11.7 million in inflows last week, surpassing Solana year-to-date.
This article is based on our author's analysis of materials taken from the following resource: CryptoSlate.