Growing capital inflows into crypto funds: a new all-time high
Date: 2024-04-09 Author: Henry Casey Categories: BLOCKCHAIN
CoinShares published its latest weekly report highlighting a $646 million increase in capital inflows into the crypto fund sector, a new year-to-date record achieved between April 1 and April 5, 2024, according to platform experts.
Analysis of Indicators
Comparing with previous data, it should be noted that capital inflows decreased by $212 million. However, despite this small decline, the total capital inflow this year amounted to an impressive $13.8 billion, which confirms the persistent interest of investors in crypto assets.
Leaders and Outsiders
Amid the overall increase in capital inflows, Bitcoin-based funds continue to remain in the leading position, attracting $663 million. While Litecoin and Solana-based products also showed significant growth, Ethereum funds, in contrast, experienced outflows of $22.5 million , which has been observed for the fourth week in a row.
Influence of exchange product suppliers
Among the providers of exchange-traded products, iShares and Fidelity Investments remain the most active companies, attracting $811 million and $395 million, respectively. However, it is worth noting that Grayscale Investments recorded a significant outflow of $731 million over the week.
Geographical analysis
The US remains the top country to attract the most capital inflows into crypto funds, with $648 million. Other countries, including Sweden, Germany, Australia and Brazil, have also seen an increase in capital inflows. While Canada and Switzerland experienced outflows.
Experts predict that capital inflows into the spot Bitcoin ETF sector will continue to grow until the halving expected in April 2024. This event, in their opinion, will continue to support investor interest in cryptocurrencies and contribute to the further development of the market.
