Crypto asset manager CoinShares said in a report on Monday that the spot Bitcoin exchange-traded product launched in January led the cryptocurrency investment product with the most inflows last week.
The Bitcoin ETF has seen $1.1 billion in inflows in the past week since its launch on January 11, bringing its cumulative total to $2.8 billion, CoinShares said. That’s it highest This is the lowest weekly inflows since the Bitcoin spot ETF was launched, according to data from The Block.
There has been a total accumulation of new ETFs since January. 192,000 BTC In their custody.
BlackRock and Fidelity lead the way with inflows of $693.6 million and $522.6 million, respectively, last week, according to CoinShares. Bitcoin-related products accounted for the majority of inflows, with Ethereum and Cardano taking second and third places.
Management assets
Meanwhile, a product that allows traders to short Bitcoin saw a small outflow of $400,000 last week.
Total assets under management for cryptocurrency investment products reached $59 billion, the highest since early 2022, according to data from CoinShares.
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About the author
Anna is a senior policy reporter at The Block. She has a background in political journalism and has covered Russian civil society for various media outlets in Moscow, including her award-winning newspaper, Novaya Gazeta. Before joining The Block, Anna spent the past five years researching global cryptocurrency policy and adoption at CoinDesk. Anna says she owns Bitcoin and gift NFTs that have sentimental value.