From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs

From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs
The crypto market witnessed a significant milestone last week as investment products recorded roughly $3.13 billion in net inflows globally, primarily driven by US spot Bitcoin exchange-traded funds (ETFs), according to data from CoinShares. This surge highlights growing institutional interest and confidence in the crypto market, with Bitcoin leading the charge. CoinShares reveals that the year-to-date net inflows into crypto funds have reached $37 billion, while total assets under management (AUM) soared to a new high of $153 billion. Related Reading: Bitcoin’s MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know Bitcoin Takes The Lead, Altcoins Show Growth The recent inflows mark the seventh consecutive week of positive movements for global crypto investment products managed by leading firms such as BlackRock, Fidelity, Grayscale, and ProShares. A substantial portion of last week’s inflows, approximately $2.05 billion, originated from BlackRock’s IBIT product, underlining the dominance of US-based funds in the global space. These inflows outpaced the first-year debut of US gold ETFs, which attracted only $309 million. Bitcoin-based funds were at the forefront of the inflows, contributi ..

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