Crypto Funds Attract $3.7B in Weekly Inflows, Approaching Record Levels, Says CoinShares
Digital asset investment funds pulled in $3.7 billion in new capital last week, marking the second-largest weekly inflow on record, according to a report published by CoinShares.
The only week surpassing this figure was the period ending December 6, 2024, when inflows topped $4 billion. Last week’s strong showing extends a streak of 13 consecutive weeks of inflows, helping push total crypto fund assets under management to an all-time high of $211 billion.
The surge was powered largely by U.S.-based funds, which saw nearly $3.74 billion in inflows. Meanwhile, European markets recorded net outflows, with Germany and Sweden losing $85.7 million and $15.7 million, respectively.
Bitcoin-focused funds were the biggest beneficiaries, attracting $2.7 billion in new investments. Assets under management in bitcoin products have now reached $179.5 billion, representing around 54% of the value held in global gold-backed exchange-traded products (ETPs).
The robust inflows coincided with a strong price rally in bitcoin, which rose nearly 10% during the week ending July 11. The momentum has carried forward, with bitcoin recently trading above $122,873, according to CoinDesk data.
