Reports from CoinShares or similar reputable digital asset research firms

Digital Asset Inflows Hit Record $17.8 Billion YTD, Led by Bitcoin with $1.44 Billion Last Week

Jul 15, 2024, 01:59 PM

Digital asset investment products saw a record-breaking $1.44 billion in inflows last week, bringing the year-to-date total to $17.8 billion, according to CoinShares. Bitcoin investment products led the surge with $1.35 billion in inflows, marking the fifth-largest weekly inflow on record. Ethereum also saw significant inflows, amounting to $72 million. Major asset managers such as Ark Invest, BlackRock, and Fidelity contributed to this surge, highlighting a growing investor confidence in digital assets. U.S. Bitcoin ETFs alone accounted for over $1.4 billion in inflows last week, with notable trading volumes for products like $IBIT, which saw $1.2 billion in trading volume on July 15. This influx surpasses the previous record of $10.6 billion set during the 2021 bull run. Additionally, U.S. Spot Bitcoin ETFs saw a total net inflow of $15.81 billion, with a daily net inflow of $310 million on July 12.