Digital Asset Investment Products Year-to-date Inflow Record $14.9B


Digital asset investment products have experienced a remarkable surge, recording three consecutive weeks of inflows. This consistent interest has driven the year-to-date figures to $14.9 billion. According to CoinShares weekly report, most inflows came from Bitcoin (BTC) Exchange-Traded Funds (ETFs).

Notably, the inflows over these weeks suggest a positive sentiment in the market, with investors increasingly viewing digital assets as a viable addition to their portfolios. CoinShares report also revealed that $1.01 billion was brought into Exchange-Traded Products (ETPs) last week.

Crypto Investment Products Continues to Experience Surge

Led by Spot Bitcoin ETF, Digital asset investment products experienced inflows totaling 932 million for the second week. Before this, crypto investment products experienced a surge in inflow for the first time in over a month, reaching $130 million with the United States frontrunning the trend. 

According to reports, the US received $135 million in crypto inflow, following its substantial $721 million inflow in February. Additionally, Bitcoin continued to lead the way in attracting investments, with $144 million in inflows recovering from a weak month. This surge in capital is attributed to the newly issued ETFs, which attracted a remarkable $41.7 billion in inflows. 

Spot Bitcoin ETFs Experience Days of Inflow 

This spot Bitcoin ETF surge takes its backing from the growing list of institutional adopters as confirmed in the filed Form 13-F lodged with the US SEC this month. Just last month, spot BTC ETFs marked their third consecutive day of net crypto inflow, totaling an impressive $31.64 million. 

As per a report, BlackRock’s spot Bitcoin ETF brought in $37.92 million, the largest daily net inflow amongst others. Ark Invest brought in $33.28 million, while Bitwsie has $23.23 million in net inflows. However, the significant influx of funds has brought the total spot BTC ETFs net inflow to over $12.42 billion, with a total net assets of over $55.82 billion.

SEC Greenlight Spot Ether ETFs

A few days ago, the US SEC approved the listing and trading of spot Ether ETFs, marking the second endorsement of cryptocurrency ETFs this year. The SEC has approved the 19b-4 filings from eight major asset managers, including BlackRock, Fidelity Investment, Grayscale, VanEck, Franklin Templeton, Bitwise, Invesco Galaxy, and ARK 21shares.

However, the actual trading of these ETFs will only commence once the applicants receive SEC approval for their S-1 registration statements. If the S-1 forms are signed off as expected, Bloomberg ETF analyst James Seyffart predicts that spot Ether ETFs will attract 20% of the inflows seen by spot Bitcoin ETFs. Another analyst Eric Balchunas estimates a slightly lower range of 10-15%.

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