Digital Asset Inflows Highest in a Year After BlackRock’s Spot-Bitcoin ETF Filing
- Crypto-based products saw $199 million in inflows last week
- Rush of ETF filings is renewing insitutional investor interest
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Digital-asset investment products added $199 million last week, the biggest weekly inflows in nearly a year, as a flurry of applications for spot-Bitcoin exchange-traded funds in the US sparks renewed interest in the space.
The inflows are the highest since July 2022 and follow nine consecutive weeks of outflows, according to a report from digital asset manager and crypto research firm CoinShares. About $187 million, or 94% of the total flows, went to Bitcoin. Total assets under management now stand at $37 billion — the highest since before the collapse of Three Arrows Capital, the data shows.