Crypto Funds Pass $200B With Second-Largest Weekly Inflows
U.S. institutional buying lifted Bitcoin ETFs to $179.5 billion in assets
Overview
- Digital asset funds attracted $3.7 billion in inflows for the week ending July 11, marking the second-largest weekly total on record.
- Total assets under management in crypto investment products climbed to a record $211 billion after 13 straight weeks of gains.
- Bitcoin ETFs led flows with $2.7 billion and grew their AUM to $179.5 billion, equal to 54% of gold ETP holdings, as BTC rallied to a new high near $122,873.
- Ethereum-linked funds extended their inflow streak to 12 weeks, adding $990 million and pushing AUM to $19.6 billion with ETH prices holding above $3,000.
- U.S.-listed crypto products accounted for nearly $3.74 billion of last week’s inflows, while Germany and Sweden saw outflows of $85.7 million and $15.7 million respectively.