Cryptocurrency investment products saw inflows surpassing $1 billion in a week, driven primarily by U.S. investors, as Bitcoin remains a favored asset.
Between March 9 and March 13, cryptocurrency investment products experienced inflows totaling $1.06 billion, marking the third consecutive week of positive momentum, according to analysts at CoinShares.
The overall assets under management increased by 9.4%, reaching $140 billion, as investors continue to regard digital assets, especially Bitcoin, as a reliable store of value amid ongoing market volatility.
Notably, the vast majority of this influx—96%—originated from U.S. investors, while Hong Kong, Canada, and Switzerland contributed $23.1 million, $19.4 million, and $10.4 million, respectively.
In contrast, Germany recorded a weekly outflow of $17.1 million, marking the first such occurrence this year.
Bitcoin-focused investment products garnered $793 million, contributing to a three-week total of $2.2 billion, which has helped recover some losses from a prior five-week outflow of $3 billion. Short-position products on Bitcoin accumulated $8.1 million.
Ethereum-based funds attracted $315 million. Additionally, trading commenced on Nasdaq for a yield-generating ETF linked to Ethereum, the iShares Staked Ethereum Trust (ETHB), which has raised $45.65 million since its launch on March 12.
On the other hand, XRP investment products faced outflows for the second week in a row, totaling $76 million.
For context, inflows into cryptocurrency investment products were $619 million during the week of March 2 to 6.
