CoinShares Report: Analyzing the Global Crypto Investment Products

What Factors Are Driving the Growth of Global Crypto Investment Products?

According to CoinShares‘ most recent report, global cryptocurrency investment products at asset managers like Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares had net inflows last week for a third straight week, totaling $1.35 billion.

• The surge has raised net inflows to $3.2 billion since the start of July, according to CoinShares Head of Research James Butterfill, who noted that positive sentiment continues.
• Exchange-traded product trading volumes surged significantly as well, up 45% week over week to $12.9 billion, or 22% of the total volume of the cryptocurrency market.

Bitcoin Investment Products at the Top in Net Inflows

With $1.27 billion in net inflows worldwide, Bitcoin-based investment products continued to lead, while there were also $1.9 million in net outflows from short-Bitcoin ETPs. After the April halving event, short-Bitcoin net outflows have totaled $44 million since March, or a staggering 56% of assets under management, according to Butterfill. This indicates that sentiment has remained largely favorable.

• Most of those inflows went into U.S. spot Bitcoin ETFs, which had net inflows of about $1.2 billion last week.
• At $103 million compared to $71 million, Ethereum funds saw net inflows of $45 million last week, surpassing Solana as the altcoin-based investment product with the most net inflows year to date.

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