CoinShares weekly inflow reports

Digital Asset Inflows Hit Record $17.8B, Bitcoin ETFs Lead with $1.35B, $301M on 7th Consecutive Day

Jul 16, 2024, 04:55 AM

Digital asset investment products saw a significant surge in inflows last week, with $1.44 billion recorded, according to CoinShares. This brings the year-to-date inflows to a record $17.8 billion, surpassing the previous high of $10.6 billion in 2021. Bitcoin led the charge, experiencing its fifth-largest weekly inflow on record at $1.35 billion. U.S. spot Bitcoin ETFs contributed notably to this trend, with inflows crossing $1.2 billion for July and $301 million recorded on July 15 alone. BlackRock's Bitcoin ETF (IBIT) saw substantial activity, with $145 million in average daily inflows and $1.2 billion in trading volume on July 15. Other major asset managers like Ark Invest and Fidelity also saw significant inflows, contributing to the overall positive trend in the digital asset market. Ethereum also saw $72 million in inflows. This marks the 7th consecutive positive day for Bitcoin ETFs.