Crypto Funds See Big Week: Bitcoin Leads the Charge

Last week marked a significant milestone for crypto investment products, with a massive influx of interest. The total inflows reached an impressive $2.17 billion, the highest since October. However, the week wasn't without its challenges.

Market Fluctuations and Expert Insights

On Friday, the market took a downturn, with $378 million flowing out due to concerns over Greenland and new tariffs. Adding to the uncertainty, experts noted that a key figure in U.S. economic policy might retain his role.

Bitcoin Leads the Charge

Bitcoin was the standout performer, attracting $1.55 billion in inflows, accounting for over 71% of the total. Ether followed closely with $496 million in inflows. Smaller cryptocurrencies like XRP, Solana, Sui, and Hedera also saw some interest, though on a much smaller scale.

Outflows and Key Players

Notably, multi-asset and short Bitcoin funds experienced outflows, with $32 million and $8.6 million leaving these funds, respectively. BlackRock's iShares ETFs led the inflows with $1.3 billion, followed by Grayscale and Fidelity.

Geographical Insights

The U.S. was the primary contributor, adding $2 billion to the total inflows. Meanwhile, Sweden and Brazil saw minor outflows of $4.3 million and $1 million, respectively.

Record High in Assets Under Management

The surge in inflows pushed the total assets under management in crypto funds to a new high of over $193 billion, the first time since early November.