TLDR
- Digital asset investment products recorded 619 million dollars in net inflows last week, according to CoinShares.
- The inflows marked the second consecutive week of positive flows after a prior five-week outflow streak.
- United States-based funds accounted for 646 million dollars in inflows during the reporting period.
- Bitcoin-based products led allocations with 521 million dollars in weekly inflows.
- Short Bitcoin products attracted 11.4 million dollars as some investors hedged positions.
Digital asset investment products attracted $619 million in net inflows last week, according to CoinShares. The data extended a second straight week of positive momentum after earlier outflows. Bitcoin-based products captured most allocations, while U.S. funds drove nearly all regional demand.
Crypto ETP Inflows Reach $619 Million as U.S. Funds Dominate
CoinShares reported $619 million in weekly crypto ETP inflows across global asset managers. The total followed nearly $1 billion in inflows during the previous week. As a result, the two-week rebound reversed five weeks of withdrawals.
Investor demand strengthened early in the week before moderating later. Products recorded $1.44 billion in inflows during the first three days. However, funds saw $829 million in outflows on Thursday and Friday.
James Butterfill, Head of Research at CoinShares, linked the shift to oil prices and inflation concerns. He stated, “The rise in oil prices offset any potential decline in inflation.” He added that overall flow data still showed positive sentiment during geopolitical stress.
Regionally, United States-based funds accounted for $646 million in inflows. In contrast, Europe recorded $23.8 million in withdrawals. Asia and Canada posted outflows of $2.2 million and $3.6 million, respectively.
Spot exchange-traded fund data aligned with the weekly totals. Between March 2 and March 6, spot bitcoin ETFs drew $568 million. Spot Ethereum and Solana ETFs added $23.6 million and $24 million, respectively.
Bitcoin Leads Allocations While Ethereum and Solana Add Support
Bitcoin-based investment products attracted $521 million during the reporting period. The allocations represented the largest share of weekly inflows. However, short-bitcoin products also recorded $11.4 million as some investors hedged positions.
Ethereum-linked products secured $88.5 million in weekly inflows. Solana-based funds followed with $14.6 million in new allocations. Smaller products tied to Uniswap and Chainlink each drew about $1.4 million.
XRP-based products recorded $30.3 million in outflows during the week. The withdrawals marked the only major category with net losses. Spot XRP ETFs also reported just over $4 million in outflows.
Bitcoin traded above $68,000 during the reporting window. The price reflected a weekly gain of about 3%, according to The Block’s data. However, bitcoin remained below $70,000 after briefly reaching the mid-$70,000 range.
CoinShares stated that overall flows reflected continued institutional engagement. The firm published the data in its latest weekly digital asset fund report. The report covered global crypto investment products managed by firms including BlackRock, Grayscale, and Bitwise.
Considering a new stock? You may want to see what’s on our watchlist first.
Our team at Knockout Stocks follows top-performing analysts and market-moving trends to spot potential winners early. We’ve identified five stocks gaining quiet attention that could be worth watching now. Create your free account to unlock the full report and get ongoing stock insights.Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
