Over the week, the influx of funds into crypto funds increased to $1.1 billion

  • CoinShares experts have published a weekly report on capital flows in the crypto fund sector.
  • During the period from February 5 to February 11, 2024, an influx of funds in the amount of $1.1 billion was recorded.
  • The crypto market continues to maintain positive dynamics in attracting investments.

During the period from February 5 to February 11, 2024, the influx of capital into crypto funds amounted to $1.1 billion. This is stated in the weekly CoinShares report.

The majority of investments are in Bitcoin-based products—almost $1.09 billion. Inflows into Ethereum-based instruments reached $16.5 million.

Inflow/outflow of capital into crypto funds depending on the asset.  Source: CoinShares
Inflowoutflow of capital into crypto funds depending on the asset Source CoinShares

Experts noted that total inflows since the beginning of 2024 amounted to $2.7 billion. The balance of assets under management (AUM) is at the highest level since the beginning of 2022 at $59 billion, the report said.

Despite the positive trends, analysts warned of possible risks of capital outflow:

“The outflow of capital from most companies has slowed down significantly. However, the potential sale of Genesis assets worth $1.6 billion could trigger significant withdrawals in the coming months,” CoinShares said.

Regionally, the United States ranked No. 1 in investment volume with $1.1 billion, which is not surprising given the recent approval of spot Bitcoin ETFs. Since its launch in January 2024, capital flows into such products have totaled $2.8 billion.

Switzerland, Brazil and Australia also demonstrated an influx of investment, while Sweden, Germany and Canada recorded an outflow of capital.

Inflow/outflow of capital into crypto funds per week by country.  Source: CoinShares
Inflowoutflow of capital into crypto funds per week by country Source CoinShares

Among ETF providers, the leader was iShares, a subsidiary of BlackRock. Fidelity Investments came in second place. The record holder for the outflow of funds remains Grayscale Investments.

Inflow/outflow of capital into crypto funds per week depending on the provider.  Source: CoinShares
Inflowoutflow of capital into crypto funds per week depending on the provider Source CoinShares

Let us remind you that from January 29 to February 4, 2024, the influx of capital into crypto funds amounted to $708 million. We also wrote that 34 projects have attracted $131.4 million in investments since the beginning of February.

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