A week following a notable downturn where crypto-based investment products experienced record outflows totaling nearly $1 billion, these financial instruments saw a significant turnaround, with approximately $900 million in net inflows reported, according to CoinShares.
In total, crypto-based investment vehicles rebounded markedly last week, tallying $862 million in net inflows, as shared by CoinShares analyst James Butterfill, who disclosed the data on X.
In the prior week, funds managed by prominent asset managers including BlackRock, Fidelity, and Grayscale had reported record outflows amounting to $942 million, as indicated by CoinShares at that time.
With the surge in net inflows witnessed last week and bitcoin’s price soaring above $70,000 for a significant portion of the week, the collective assets under management for all crypto funds tracked by CoinShares reached $97.9 billion.
Capital inflows into bitcoin-related funds continue to dominate the landscape, with BlackRock and Fidelity’s spot bitcoin ETFs each attracting over $600 million in inflows last week, according to CoinShares. Meanwhile, Grayscale’s spot bitcoin ETF experienced $960 million in outflows, reducing its assets under management to around $35 billion.
The Ark Invest 21 Shares spot bitcoin fund had an outstanding week, recording more than $300 million in net inflows. In contrast, the previous week saw the fund, now boasting over $3 billion in assets under management, attracting a mere $30 million in capital inflows.
