Global cryptocurrency investment products, managed by firms like Ark Invest and BlackRock, witnessed a fourth consecutive week of inflows, adding $598 million last week, with year-to-date inflows surpassing $5.7 billion.
US-based funds led with $610 million inflows, despite Grayscale experiencing $436 million outflows. Bitcoin-based funds contributed $570 million to the influx, driven by new spot Bitcoin ETFs in the US, totaling over $5.5 billion in net flows since their January 11 launch.
However, a minor $3.9 million inflow into short-Bitcoin positions was noted amidst recent price fluctuations. Ethereum attracted $17 million in inflows, while Solana saw a second week of outflows totaling $3 million due to recent network downtime.
Overall, digital asset investment product inflows marked the fourth consecutive week, reaching $598 million, accounting for over half of 2021’s record inflows. Blockchain equities experienced continued caution with $81 million in outflows for the week.
Total assets under management reached $68.3 billion, a peak since December 2021 but still 20% below the November 2021 all-time high.
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