Crypto Investment Products See Record $5.95B Inflows: CoinShares Report
Record Inflows into Digital Asset Investment Products
- Digital asset investment products recorded $5.95 billion in inflows last week, the highest weekly total ever according to CoinShares.
- The significant inflows followed weak US employment data and a Federal Reserve rate cut, with concerns over US government stability also contributing.
- The United States led with $5 billion in new investments, setting a new record, while Switzerland and Germany saw $563 million and $312 million respectively.
Bitcoin, Ethereum, and Solana Lead Inflows
- Bitcoin attracted $3.55 billion, marking its largest weekly gain.
- Ethereum saw $1.48 billion in inflows, pushing its year-to-date total to $13.7 billion.
- Solana and XRP also reached new milestones with $706.5 million and $219.4 million respectively.
- Total assets under management for crypto investment products reached an all-time high of $254 billion.
ETF Flows Indicate Institutional Interest
- From September 29 to October 3, Bitcoin spot ETFs saw $3.24 billion in net weekly inflows, the second-highest in history.
- Ethereum ETFs added $1.3 billion, with all nine US-listed products reporting positive contributions.
- Glassnode noted that renewed institutional demand is strengthening market momentum into Q4.
Bitcoin Price Surges
- Bitcoin price hit a new all-time high at $125,000 amid rising inflows and ETF enthusiasm.
- CryptoQuant warned that Market Buy Volume surpassing $25 billion could signal a trend inflection point.
- CoinShares attributed the surge in alternative asset inflows to Federal Reserve actions and weak US employment figures.