Digital asset management firm CoinShares reported a historic $1.5 billion inflow into cryptocurrency products and funds last week, marking the 10th consecutive week of positive inflows. This surge coincides with the launch of Bitcoin ETFs and heightened market optimism.
Key Highlights from the Report
- Record-Breaking Inflows: Year-to-date inflows reached $8 billion by October 22, surpassing the 2020 annual record of $6.7 billion.
- Bitcoin Dominance: $1.45 billion (96.7% of total inflows) went to Bitcoin, bringing its yearly total to $6.1 billion.
- All-Time High Assets: Managed assets peaked at $79.2 billion, settling at $76.7 billion by week’s end.
Bitcoin ETFs and Market Impact
The debut of ProShares and Valkyrie Bitcoin Strategy ETFs marked a pivotal moment for institutional adoption, driving Bitcoin to a record high of $67,016.50**. By Monday’s close, Bitcoin traded at **$63,682 (+4.6%).
👉 Discover how Bitcoin ETFs are reshaping institutional investment
Ray Youssef, CEO of Paxful, noted: "Bitcoin’s rally reflects its potential to disrupt traditional finance and bridge global economies."
Ethereum’s Outflow Trend
Ethereum saw its third straight week of outflows ($1.4 million), attributed to profit-taking near its all-time highs.
FAQs
Q: What caused the record crypto inflows?
A: Launch of Bitcoin ETFs and renewed institutional confidence fueled the surge.
Q: How does 2021 inflow compare to previous years?
A: The $8 billion YTD inflow has already exceeded 2020’s full-year record ($6.7 billion).
Q: Why is Ethereum experiencing outflows?
A: Minor profit-taking as prices approach historic peaks, per CoinShares.
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