From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs
Author: Content Editor
Last week, the crypto market saw a significant milestone with investment products recording $3.13 billion in net inflows globally, driven mainly by US spot Bitcoin exchange-traded funds (ETFs). This surge highlights the growing institutional interest and confidence in the crypto market, with Bitcoin leading the way. Year-to-date net inflows into crypto funds have reached $37 billion, with total assets under management (AUM) reaching a new high of $153 billion. The recent inflows mark the seventh consecutive week of positive movements for global crypto investment products. Bitcoin-based funds accounted for $3 billion of the weekly inflow, while altcoins, particularly Solana, also attracted significant investment. US-based funds dominated the regional fund flows, while there were some outflows from European markets. The overall trend remains bullish, driven by institutional participation in the US market. The launch of spot Bitcoin ETFs has been a game-changer, providing institutional investors with a regulated avenue to enter the crypto market. This shift towards mainstream adoption is supported by strong price performance and consistent inflows across various investment products.