In the period from February 5 to February 11, 2024, the influx of capital into crypto funds amounted to $1.1 billion. This is stated in the weekly CoinShares report.
The majority of investments are in Bitcoin-based products—almost $1.09 billion. Inflows into Ethereum-based instruments reached $16.5 million.
Experts noted that total inflows since the beginning of 2024 amounted to $2.7 billion. The balance of assets under management (AUM) is at the highest level since the beginning of 2022 at $59 billion, the report said.
Despite the positive trends, analysts warned of possible risks of capital outflow:
“The outflow of capital from most companies has slowed down significantly. However, the potential sale of Genesis assets worth $1.6 billion could trigger significant withdrawals in the coming months,” CoinShares said.
Regionally, the United States ranked No. 1 in investment volume with $1.1 billion, which is not surprising given the recent approval of spot Bitcoin ETFs. Since its launch in January 2024, capital flows into such products have totaled $2.8 billion.
Switzerland, Brazil and Australia also demonstrated an influx of investment, while Sweden, Germany and Canada recorded an outflow of capital.
Among ETF providers, the leader was iShares, a subsidiary of BlackRock. Fidelity Investments came in second place. The record holder for the outflow of funds remains Grayscale Investments.
