Crypto investment products saw record $3.13b weekly inflow

As Bitcoin approaches $100,000, crypto investment products recorded their biggest weekly inflows ever, pushing year-to-date totals to a record $37 billion.

Crypto mutual funds hit another weekly inflow milestone of $3.13 billion, with total inflows since September reaching $15.2 billion due to changing interest rate policies, according to data from CoinShares. According to a Nov. 25 research report, year-to-date inflows currently stand at a record $37 billion; This far outstripped the early adoption of U.S. gold exchange-traded funds, which attracted $309 million in their first year.

Weekly entries in crypto-related investment products | Source: CoinShares

Bitcoin (BTC) accounted for the bulk of last week’s inflows, attracting $3 billion, said James Butterfill, head of research at CoinShares. As Bitcoin’s price approached $100,000, short-term Bitcoin products saw inflows of $10 million, bringing the monthly total to $58 million, the highest level since August 2022.

Mixed regional crypto sentiment

Regional trends showed mixed feelings. While there was an inflow of $3.2 billion to US-based funds, a net outflow of $141 million was recorded from European markets. Butterfill stated that investors in Germany, Switzerland and other European countries are taking advantage of the recent high prices to make profits. At the same time, markets in Australia, Canada and Hong Kong also saw positive flows, contributing $9 million, $31 million and $30 million respectively.

Among altcoins, Solana (SOL) outperformed Ethereum (ETH), gaining $16 million in inflows compared to Ethereum’s weekly inflow of $2.8 million. XRP (XRP), Litecoin (LTC) and Chainlink (LINK) also saw significant demand, with inflows of $15 million, $4.1 million and $1.3 million respectively. But multi-asset investment products faced outflows for the second consecutive week of $10.5 million, per the data.