$1B Inflows Surge into Crypto Products in 2021


Last week, digital asset investment products saw inflows totaling $293 million. Of this, Bitcoin recorded $240 million, Ethereum $49.9 million and Solana $12 million. According to CoinShare, this 7-week streak has pushed the year-to-date total flows into crypto exchange-traded products to $1.14 billion.

The increase in institutional interest has led to the third highest level of yearly inflows, with total assets under management in cryptocurrency increasing by 9.6% over the past week. Weekly flows report shows the total AuM was $44.3 billion in the last week, which is up 99% from this year and at its highest level since May 2022.

In particular, Bitcoin saw $240 million added to the total for the year. CoinShare suggest that ETP investors are participating much more in this rally compared to 2020/21, as ETP trading volume on exchanges for the flagship cryptocurrency was nearly 20%.

For Ethereum, inflows of $49 million last week was the largest for Ether since August 2022. The sentiment around Ether ETPs that are based on the NASDAQ have improved in recent weeks, with Ethereum ETF filings generating interest.

Solana, one of crypto’s top performers, recorded significant inflows of $12 million over the last seven days. The altcoin leads the sector with $121 inflows year to date, although its price has dropped dramatically since the beginning of this year. However, the trading volume has grown by 170% during the last 30 day period and 315% in the past 12 months.

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