CoinShares Report: Bitcoin ETFs Record Historic Weekly Inflows of $3.12 Billion
Digital asset investment products set a new benchmark last week, recording the highest-ever weekly inflows of $3.13 billion, according to the latest Digital Asset Fund Flows Weekly Report. This surge brought total year-to-date inflows to a record $37 billion, significantly outpacing previous milestones in the industry, according to CoinShares report.Bitcoin Dominates Inflows Amid Record-High PricesBitcoin-focused exchange-traded funds (ETFs) were the primary driver of the inflows, attracting $3 billion as Bitcoin’s price continued its climb to new all-time highs. Interestingly, short-bitcoin products also saw inflows of $10 million, suggesting some investors are hedging or speculating on potential price corrections. Monthly inflows into short-bitcoin products reached $58 million, the highest since August 2022. Altcoins: Solana Surpasses Ethereum in Weekly InflowsAltcoins also saw notable activity. Solana outpaced Ethereum last week, securing $16 million in inflows compared to Ethereum’s $2.8 million. However, on a year-to-date basis, Ethereum still leads Solana significantly. Other altcoins such as XRP ($15 million), Litecoin ($4.1 million), and Chainlink ($1.3 million) also contributed to the positive sentiment.Regional Trends: Mixed Sentiment Across MarketsRegional flows painted a mixed picture:United States: A massive inflow of $3.2 billion drove the global surge.Europe: Outflows were seen in Germany ($40 million), Sweden ($84 million), and Switzerland ($17 million) as investors capitalized on price highs to take profits.Other Markets: Positive sentiment was evident in Australia ($9 million), Canada ($31 million), and Hong Kong ($30 million).Multi-Asset Products Experience OutflowsMulti-asset investment products faced $10.5 million in outflows, marking the second consecutive week of declines. This trend underscores a shift in investor focus toward single-asset products like Bitcoin and select altcoins.Year-to-Date Comparison: Bitcoin Leads the WaySince mid-September, when the U.S. initiated interest rate cuts, total inflows into digital assets have reached $15.2 billion, with Bitcoin commanding the lion's share. The year-to-date inflows far exceed the early adoption phase of U.S. gold ETFs, which managed $309 million in their first year.OutlookThe record-breaking inflows into Bitcoin ETFs underscore the growing confidence in digital assets as mainstream investment vehicles. With Bitcoin nearing $100,000 and increasing institutional interest, the crypto market appears poised for continued momentum. Altcoins like Solana, XRP, and Ethereum also remain attractive options for investors seeking diversification within the space.