Digital asset investment products have record weekly inflows of $3.13B and over $37B YTD

CoinShares’ report on crypto inflows showed that digital asset flows hit a weekly inflows record of $3.13B, a 42.27% increase from last week’s $2.2B. The data revealed that digital asset monthly inflows stood at $7.6B, while the total year-to-date inflows were approximately $37B.

The data also showed that Bitcoin was lightyears ahead of other cryptocurrencies, with weekly inflows of over $3B, monthly inflows of over $6.6B, and YTD inflows of over $34.35B, with over 128B in assets under management (AUM). Ethereum was a distant second, with weekly inflows of $2.8M, although it was outpaced by Solana and XRP, which recorded weekly inflows of $16.2M and $15.2M, respectively.

However, the report showed that Ethereum managed to stay ahead of both altcoins in monthly and YTD inflows as well as in AUM. On the other hand, multi-asset investment products saw its second consecutive week of outflows totaling $10.5 million.

U.S. ETFs record the highest inflows

Bitcoin ETFs hit new record with over $3.1B in weekly inflows

CoinShares data showed that spot Bitcoin ETFs recorded $3.12 billion in inflows from Nov. 18–22. #Norque #NOQ #Bitcoin #ETH #AI #Blockchain

— NORQUE-NOQ (@NorqueNoq) November 25, 2024

According to the CoinShares report, iShares weekly flows driven primarily by Bitcoin amounted to $2.13 billion, while monthly flows were at $5.66 billion. iShares YTD inflows stood at $33.17 billion, representing nearly 89.65% of the total YTD as per the report’s data. Fidelity ETF also performed comparatively well, with weekly flows of $773 million, bringing its YTD inflows to $11.55 billion and its AUM to over $50.9 billion.

Grayscale’s performance was the worst despite having the second-highest AUM at $29.49 billion, per the report. Grayscale recorded negative net flows with about $155 million in weekly outflows.

More investors continued to withdraw their investments as Grayscale recorded monthly outflows of over $317 million, bringing its YTD outflows to $20.1 billion, according to the report. Nonetheless, Yahoo Finance data revealed that Grayscale’s YTD daily total return was still high at 127.82%, indicating its viability for long-term investments. 

Notably, the data revealed that Bitcoin ETFs far outpaced the debut of U.S. Gold ETFs, which attracted only $309 million in the first year. 

The U.S. stands shoulders above other countries in weekly inflows

According to the report, the U.S. led other countries in total flows and AUM in what could be attributed to the ‘Trump effect’ considering the incoming president’s ambitious plans for crypto. 

The report also revealed that weekly inflows of $3.2 billion into the U.S. were offset by outflows from Brazil, Germany, Switzerland, and Sweden of $12.2 million, $39.8 million, $17.1 million, and $84.1 million, respectively.

More positive sentiment was seen in Hong Kong, Australia, and Canada, with weekly inflows of $29.9 million, $9 million, and $30.9 million, respectively. However, the data confirmed that the U.S. had more assets under management ($119.8B) than all the other countries combined.