Crypto Funds Experience $1.1 Billion Inflow Over a Week

From February 3 to 9, cryptocurrency investment products saw an inflow of $1.1 billion. Since the beginning of the year, this figure has reached $2.7 billion, according to a report by CoinShares.

The volume of assets under management reached its highest level since the beginning of 2022 — $59 billion. 

The net inflow into the spot Bitcoin ETF segment for the week amounted to $1.1 billion, with $2.8 billion since the product’s approval. 

Investors poured $1 billion into Bitcoin-related instruments. Clients withdrew $0.4 million from structures allowing short positions on the leading cryptocurrency (the previous week saw withdrawals of $5.3 million). 

Altcoins showed positive dynamics, except for Litecoin, which saw no inflows or outflows during the reporting period. Ethereum funds received $16.5 million, while Cardano-based products attracted $6.1 million. 

Earlier, Grayscale analysts predicted a “favourable” Bitcoin market structure post-halving. However, their counterparts at DecenTrader warned of potential correction risks for the leading cryptocurrency during this period.

According to Ripple specialists, 2024 is expected to be a year of significant changes in the cryptocurrency market structure, favouring institutional demand.