Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Cryptocurrency investment products saw net inflows of $1.4 billion last week: CoinShares
ADOPTION NEWS

Cryptocurrency investment products saw net inflows of $1.4 billion last week: CoinShares

By Crypto FlexsJuly 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency investment products saw net inflows of .4 billion last week: CoinShares
Share
Facebook Twitter LinkedIn Pinterest Email

According to the latest report from CoinShares, global cryptocurrency investment products from asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares saw a combined net inflow of $1.44 billion last week.

This figure is one of the largest weekly net inflows ever recorded, and brings the year-to-date figure to a record $17.8 billion, as digital asset investment products see additional buying amid price weakness, CoinShares research director James Butterfill wrote. This far surpasses the $10.6 billion net inflows seen during the bull market in 2021.

Weekly cryptocurrency asset flows. Image: CoinShares.

However, Butterfill noted that cryptocurrency exchange-traded products (ETPs) volume has been well below the average weekly volume of $21 billion this year, generating just $8.9 million last week, reflecting seasonal patterns that see volumes drop during the summer months.

Not surprisingly, Bitcoin Bitcoin

+4.12%
-Based funds were the overwhelming winners with net inflows of $1.35 billion, while short-dated Bitcoin products recorded their largest weekly net outflows since April, totaling $8.6 million. U.S. spot Bitcoin exchange-traded funds saw inflows of $1.05 billion last week alone, with total net inflows rising for the sixth straight day since their launch in January. A record $15.8 billion.

Butterfill said he believes the weakness in price due to the German government’s Bitcoin sell-off and the reversal in sentiment due to the lower-than-expected U.S. CPI have prompted investors to increase their positions.

‘Trump Pump’

Bitcoin prices have struggled in recent weeks amid concerns over the German government’s sale of seized bitcoins and the Mt. Gox payout. However, the cryptocurrency has surged in the past week, up more than 10% and up 4% over the past day, according to The Block’s Bitcoin price page, following a failed assassination attempt on former U.S. President Donald Trump, who supports bitcoin.

BTC/USD price chart. Image: The Block/TradingView.

Ethereum Ethereum

+4.41%
Butterfill also noted that last week saw $72 million in net inflows, the largest since March, likely driven by anticipation of a US spot ETF launch.

The U.S. Securities and Exchange Commission approved eight Form 19b-4 filings for spot Ethereum ETFs on May 23 from BlackRock, Fidelity, Bitwise, VanEck, Ark Invest, Invesco, Franklin Templeton, and Grayscale.

However, the issuer must have a valid S-1 registration statement before trading can begin, which will likely begin this week.

By region, US-based funds led the way with net inflows of $1.3 billion, followed by Swiss, Hong Kong, and Canada-based crypto investment products with net inflows of $58 million, $55 million, and $24 million, respectively.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Binance Square Extends ‘Write to Earn’ Promotion with Enhanced Rewards

August 26, 2024

Analysis shows Bitcoin price has reached $66,000, asking ‘Has Uptober begun?’

October 14, 2024

Bitcoin price is close to breaking out. Could BTC be pumped above $66,000?

April 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.