• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

    2025-07-24

    Why Did Bitcoin and Crypto Dump Today?

    2025-07-23

    Bitcoin Bulls Brace For Next Major Rally

    2025-07-23

    Wall Street’s Crypto Moves Just Got Exposed

    2025-07-23
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»How Bitcoin helped crypto inflows reach a 26-week high
Bitcoin

How Bitcoin helped crypto inflows reach a 26-week high

2024-02-20No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: February 20, 2024


  • Net inflows more than doubled from the previous week.
  • Funds tied to Bitcoin accounted for over 99% of the total inflows.

Digital asset funds attracted record inflows totaling $2.45 billion last week, spurred by soaring institutional interest in spot Bitcoin [BTC] ETFs.

Net inflows more than doubled from the previous week, according to the latest report by crypto asset management firm CoinShares.

This also marked the third consecutive week of net capital infusion into institutional crypto products.

Weekly crypto asset flows

Source: CoinShares

AuM highest since December 2021

With the latest figures, the total inflows since the beginning of 2024 have surged past $5 billion. Moreover, the total assets under management (AuM) spiked to a 26-month high of $67 billion.

Recall that the AuM, apart from depending on the flow of investor money in and out of a fund, is also based on the price performance of the underlying asset.

Recent price moves, which elevated leading assets like Bitcoin and Ethereum [ETH] to cyclical highs, were a key driver behind increasing AuM.

Bitcoin spot ETFs hog the limelight

Funds tied to Bitcoin cornered more than 99% of the total inflows last week, taking year-to-date (YTD) inflows to $5.02 billion.

Much of the action revolved around the newly-launched spot ETFs in the U.S. market. In fact, the U.S. accounted for 99% of the total inflows last week, the report stated.

Outflows from the Grayscale Bitcoin Trust (GBTC), which were one of the major bearish triggers for Bitcoin initially, have ebbed significantly in recent weeks, leading to the turnaround.

See also  Global Bank Predicts RECORD Bitcoin High - How Soon Will BTC Explode?

According to AMBCrypto’s examination of SoSo Value data, GBTC outflows have plunged by 73% since the peak on the 22nd of January.


Grayscale outflows drop significantly

Source: SoSo Value

Ethereum-linked funds on the move

Meanwhile, funds linked to other major cryptos like Ethereum also saw impressive inflows, totaling over $21 million.

The sentiment was likely bolstered by an 18% weekly increase in ETH’s market value, as seen from CoinMarketCap.

On the other hand, Solana [SOL] saw a capital exit worth $1.6 million, which the report attributed to negative sentiment following the recent network outage.

One of the other main sources of outflows was profit-taking by investors in blockchain equity ETFs.

Previous: BITFLEX launches a trading tournament: “Conquer the flames: Trade your way to $888,888”
Next: Is Bitbot the best crypto to buy now for long-term investment gains?
26week Bitcoin Crypto Helped high inflows reach
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Bitcoin Bulls Brace For Next Major Rally

2025-07-23

Wall Street’s Crypto Moves Just Got Exposed

2025-07-23

Ain’t No Bacteria Poopin’ Bitcoin 😂

2025-07-23
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Polygon Founder Responds to Allegation That the Crypto Asset’s Backer Dumped Over $5,900,000 in MATIC on Binance

2023-09-07

The founder of the Ethereum (ETH) layer-2 scaling solution Polygon (MATIC) is responding to allegations…

DeFi

GammaSwap Enhances Security with Swift Response to Vulnerability Discovery

2023-10-11

GammaSwap, a volatility-focused decentralized exchange (DEX), recently improved platform security after the discovery of a…

Learn About Crypto

What Is Cryptocurrency? Crypto Explained

2023-10-03

Although cryptocurrency is no longer a foreign mythical concept like it used to be 5…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Why Did Bitcoin and Crypto Dump Today?

2025-07-23
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,085.64
ethereum
Ethereum (ETH) $ 3,753.44
xrp
XRP (XRP) $ 3.19
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.34
solana
Solana (SOL) $ 185.49
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237473
staked-ether
Lido Staked Ether (STETH) $ 3,756.44
tron
TRON (TRX) $ 0.319861
bitcoin
Bitcoin (BTC) $ 118,085.64
ethereum
Ethereum (ETH) $ 3,753.44
xrp
XRP (XRP) $ 3.19
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.34
solana
Solana (SOL) $ 185.49
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237473
staked-ether
Lido Staked Ether (STETH) $ 3,756.44
tron
TRON (TRX) $ 0.319861