Ethereum Surpasses Solana YTD Flows as Crypto Investment Products See $1.35B Inflow - Decrypt
- 王林Original
- 2024-07-23 13:05:501046browse
Recent data from CoinShares shows that crypto-based investment products saw an astounding net inflow of $1.35 billion over the past week.
Cryptocurrency investment products experienced a remarkable net inflow of $1.35 billion in the past week, according to recent data from CoinShares.
This seven-day period saw a total net inflow into digital asset ETPs, with Bitcoin-related products alone accounting for $1.27 billion.
Conversely, short-bitcoin investment products experienced a net outflow of $1.9 million. According to the report, short-bitcoin exchange-traded products (ETPs) have seen $44 million in net outflows since March 2024, which is 56% of its total assets under management (AUM).
Among specific crypto assets, Bitcoin and Ethereum drove the inflows last week, with a combined $1.3 billion.
After three consecutive weeks of outflows last month, Ethereum-related investment products saw a net inflow of $45.3 million last week. As of July 1, Ethereum-based investment products saw net outflows totaling $60.7 million in one week, marking its largest outflow since August 2022.
However, last week's inflows brought the year-to-date (YTD) inflows for Ethereum to $103 million, surpassing Solana's $71 million.
Solana ETPs, which saw an inflow of $9.6 million last week, now boast a YTD inflow of $71 million.
ETPs related to other altcoins, such as Binance Coin, Litecoin, XRP, Cardano, and Chainlink, also recorded inflows in the past week, respectively totaling $400,000, $2.2 million, $500,000, $400,000, and $700,000.
In terms of regional flows, the United States witnessed the largest inflows, gulping $1.29 billion of the total $1.35 billion. Switzerland ranked behind the U.S., with $66.3 million worth of inflow recorded. Notably, Canada and Australia saw inflows of $7.8 million and $3.8 million, respectively.
Conversely, Sweden, Brazil, and Hong Kong recorded minor outflows of $600,000, $1.7 million, and $1.9 million in the past week. Furthermore, Germany also saw outflows worth $5.2 million.
Moving on to flows by providers, BlackRock’s iShares Bitcoin ETF recorded the largest inflow in the “flows by provider” segment. The top fund attracted investments worth $707 million out of the $1.35 billion inflows. Interestingly, Fidelity’s Bitcoin ETF ranked in the second position, with an inflow of $244 million.
Other providers that witnessed inflows in the past week include ARK 21 Shares ETF, Bitwise ETF, and 21 Shares AG. These providers recorded inflows worth $99 million, $71 million, and $49 million, respectively.
Grayscale’s investment products saw the most weekly outflow at $52 million. In addition, Purpose Investment and CoinShares XBT recorded minimal outflows of $1 million each.
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