Crypto investment products saw a record $346 million inflow last week, the largest weekly inflow in the past 9 weeks.
AUM in these funds has reached $45.3 billion, the highest level in over a year and a half, due to soaring cryptocurrency prices and investor inflows.
Bitcoin funds took in $312 million last week, bringing year-to-date net inflows to $1.5 billion.
Ethereum funds saw inflows of $34 million last week, almost entirely reversing the outflows seen in 2022.
The ongoing run of inflows is expected to continue, as investors anticipate the launch of a spot Bitcoin ETF in the US.
Canada and Germany accounted for 87% of total capital inflows last week, with little contribution from US investors.
This is likely due to US investors waiting for their own ETF products to launch.
Overall, the crypto market is looking strong, with rising prices and growing investor interest.
The launch of a spot Bitcoin ETF is expected to further boost the market.