News

Bitcoin ETFs Drive Record $3.13B Crypto Fund Inflows

Historic inflows to crypto funds reached $3.13 billion, led by U.S. Bitcoin ETFs. Discover the trend boosting institutional confidence in crypto investments.

Nov 25, 2024 • 1 min read

Crypto investment products saw a record $3.13 billion in net inflows last week, marking the seventh consecutive week of gains, per a new report from CoinShares.

What's the Scoop?

Tip of the Spear: U.S. spot Bitcoin ETFs led the charge, contributing $3.38 billion in inflows. Notably, BlackRock’s IBIT product accounted for $2.05 billion of that total.
U.S. Rally: U.S.-based funds topped this investment action overall, adding $3.2 billion, while European products in Sweden, Germany, and Switzerland faced slight net outflows.

Bankless Take:

The $3.13 billion inflow record underscores robust institutional demand, signaling more long-term confidence in Bitcoin. This trend could accelerate broader adoption, positioning Bitcoin-based products as increasingly dominant in the crypto investment landscape. With market momentum on the rise, expect other crypto-focused investment vehicles to follow suit, broadening crypto's institutional appeal even further.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Account Light mode Log Out