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Crypto investment products saw a record $3.13 billion in net inflows last week, marking the seventh consecutive week of gains, per a new report from CoinShares.
What's the Scoop?
- Tip of the Spear: U.S. spot
Bitcoin ETFs led the charge, contributing $3.38 billion in inflows. Notably, BlackRock’s IBIT product accounted for $2.05 billion of that total. - U.S. Rally: U.S.-based funds topped this investment action overall, adding $3.2 billion, while European products in Sweden, Germany, and Switzerland faced slight net outflows.
Bankless Take:
The $3.13 billion inflow record underscores robust institutional demand, signaling more long-term confidence in Bitcoin. This trend could accelerate broader adoption, positioning Bitcoin-based products as increasingly dominant in the crypto investment landscape. With market momentum on the rise, expect other crypto-focused investment vehicles to follow suit, broadening crypto's institutional appeal even further.
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