Cryptocurrency investment products issued by fund managers such as BlackRock, Grayscale and Fidelity attracted $1,9 billion last week, continuing a 15-week streak of net inflows and increasing month-to-date subscriptions to a record $11,2 billion, CoinShares said in its weekly report.
Efirium led the way for the second week in a row, receiving $1,59 billion, the second-largest weekly inflow on record, bringing annual inflows to $7,79 billion, already exceeding the total for all of 2024.
SoSoValue data
At the same time, capital outflow from Bitcoin-related products amounted to $175 million. Nevertheless, according to CoinShares, BTC funds still lead in monthly and annual indicators.
Along with the Solana и XRP raised $311 million and $189 million respectively, while Sui received $8 million. The excitement went beyond the major altcoins and spread to Litecoin и Bitcoin Cash
Coinshares head of research James Butterfill noted that sentiment remains constructive, even as investors have reduced their stake in Bitcoin-products.
He added that the structure of flows, concentrated by assets and regions, indicates that investors are taking tactical positions, ahead of catalysts. ETF, rather than chasing a broad rally.
Inflows were heavily concentrated in Germany ($2 billion and another $70 million), with outflows coming from Hong Kong ($160 million), Canada ($84 million) and Brazil ($23 million), the latter partly offset by demand in the US.