Crypto Investment Products Experience $527 Million Net Inflow Last Week
Crypto investment products recorded a net inflow of $527 million last week, despite a significant $530 million outflow on Monday due to concerns linked to DeepSeek. The market rebounded with over $1 billion inflows later in the week.
Key statistics include:
- Total inflows for 2024 reached $44 billion
- Year-to-date (YTD) inflows at $5.3 billion
- U.S. led with $474 million in inflows last week and $5 billion YTD
- European investors contributed $78 million last week, totaling $93 million YTD
- Canada experienced $43 million in outflows
Bitcoin Dominates with $486M Inflows
Bitcoin attracted $486 million last week, while short-bitcoin products saw inflows of $3.7 million. Ethereum ended the week with net-zero flows. XRP secured $15 million in inflows last week, totaling $105 million YTD.
Spot Bitcoin ETFs reported total cumulative net inflows of $40.5 billion as of January 31, 2025. Daily net inflows were inconsistent, averaging $318.56 million.
BlackRock’s IBIT Leads, Grayscale Loses Ground
BlackRock’s IBIT secured $918 million in inflows, making it the top Bitcoin ETF with $40.48 billion in cumulative inflows. Conversely, Fidelity, Grayscale, and Bitwise collectively lost $465 million. Grayscale’s GBTC saw a decline of $30.59 million last week, totaling $21.89 billion in outflows.
The ETF market remains active, with trading volume at $3.45 billion on January 31. Bitcoin prices hovered around $101,680, reflecting ETF movements. January's overall ETF inflow trends have been positive, despite notable volatility.