Crypto products record 10th consecutive week of inflows at $3.2B

Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows.

Digital asset investment products saw another $3.2 billion of inflows in the trading week of Dec. 9–13, crypto investment firm CoinShares reported in its latest weekly flows report on Monday, Dec. 16.

This follows a record $3.85 billion in weekly inflows during the previous period, bringing total inflows for 2024 to $44.5 billion.

The milestone follows a series of consecutive weekly inflows since early October, with the past 10 weeks alone bringing $20.3 billion, accounting for 45% of all inflows in 2024.

Bitcoin products lead with $2 billion inflows

In the past week, Bitcoin (BTC) investment products saw inflows totaling $2 billion, bringing total inflows since the United States presidential election to $11.5 billion, CoinShares’ head of research, James Butterfill, wrote in the update.

Short Bitcoin products also saw increased activity, with $14.6 million in inflows compared to the previous week. Total assets under management for short BTC exchange-traded products (ETPs) remained low at $130 million, Butterfill noted.

Flows by assets (in millions of US dollars). Source: CoinShares

BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF) led BTC inflows with $2 billion, while Grayscale’s Bitcoin Trust saw outflows of $145 million.

Ether ETPs hit seventh week of inflows at $1 billion

Ether (ETH), the second-largest cryptocurrency in terms of market capitalization after Bitcoin, posted another successful week in ETP investments, with Ethereum ETPs seeing $1 billion in inflows last week.

Ethereum ETPs have continued gaining momentum, with the new inflows marking seven consecutive weeks of inflows in various Ether-based ETPs totaling $3.7 billion over the period.

Related: Grayscale Bitcoin Trust ETF outflows exceed $21B in under 12 months

Regional flows reflected broad positive sentiment, with all but one region seeing inflows last week.

Flows by countries (in millions of US dollars). Source: CoinShares

The United States continued to be the biggest contributor with $3.1 billion in inflows, followed by Switzerland and Germany with $35.6 million and $33 million in inflows, respectively.

Sweden was the only country that saw crypto ETP outflows last week, totaling $19 million.

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