Crypto Funds Weekly Inflows Surge to Record of $2.7B

It was another big week for digital asset investment funds, with a record $2.7 billion of inflows bringing the total to $10.3 billion year-to-date, according to CoinShares.

The record annual inflow of $10.3 billion in 2021 seems likely to be taken out next week, less than three months into 2024.

It’s all about bitcoin (BTC), which accounted for $2.6 billion of last week’s inflows as the U.S.-based spot ETFs continued to add thousands of coins per day alongside a major rally in prices. Year-to-date bitcoin inflows now account for 14% of bitcoin assets under management, said CoinShares.

A check of other notable tokens finds Solana (SOL) having garnered $24 million of inflows last week.

Bitcoin hit a fresh lifetime high on Monday, surpassing $72,000.