Weekly Inflows into Crypto ETPs Reach $3.85B

Reading Time: < 1 minute

As Bitcoin surged past $100,000 for the first time, investment products related to the cryptocurrency saw record inflows of $3.85 billion during the trading week of Dec. 2–6, according to a report by CoinShares. This marks the largest weekly inflow of digital asset investment products ever recorded.

Previously, the record for weekly inflows was set at $3.12 billion in November when Bitcoin was trading at around $98,000. The increase in inflows indicates growing interest in cryptocurrencies as investment opportunities.

The surge in inflows coincided with Bitcoin reaching its all-time high of $104,000 on Dec. 5, breaking above the $100,000 milestone for the first time. This was driven by Bitcoin investment products, which accounted for $2.5 billion of the total inflow.

So far, in 2021, these products have seen inflows of $36.5 billion.