Weekly Crypto Fund Inflows Surpass Previous Record, Surging to $2.9 Billion

Investment products tied to digital assets saw a surge of $2.9 billion in capital inflows during the week of March 11 to March 15, surpassing the previous record of $2.7 billion, as reported by CoinShares. These inflows contributed to a total of $13.2 billion in year-to-date inflows, surpassing the $10.6 billion in total inflows for the entire year of 2021.

Trading volumes for the week reached $43 billion, marking a new record and accounting for over 47% of global Bitcoin volumes. Additionally, Blockchain shares saw an inflow of $19 million for the first time in six weeks, after experiencing outflows.

Global exchange-traded products (ETPs) surpassed the $100 billion mark for the first time during the week, although a subsequent price correction brought the total down to $97 billion.

Bitcoin inflows amounted to $2.86 billion, representing 97% of all year-to-date inflows. Conversely, short Bitcoin inflows reached $26 million, marking the fifth consecutive week of such inflows. Alternative cryptocurrencies, including Ethereum, Solana, and Polygon, experienced capital outflows, losing $14 million, $2.7 million, and $6.8 million, respectively.

In the previous week, from March 4 to March 8, capital inflows into crypto investment products reached a record level of $2.7 billion. Over the past two months, total inflows reached $10.3 billion, compared to $10.6 billion for the entirety of 2021. Bitcoin played a significant role in this increase, accounting for $2.6 billion.

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