<ul>
 <li>The latest run of inflows was the largest since October 2021.</li>
 <li>Bitcoin saw capital infusion of over $132 million.</li>
</ul>
Digital asset investment products extended their winning streak to record the 10th consecutive week of inflows, according to the latest <a href="https://blog.coinshares.com/volume-160-digital-asset-fund-flows-weekly-report-3523bcc12d66" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">report&nbsp;</a>by crypto asset management firm CoinShares.
<h4>Big investors bullish on the crypto market</h4>
Last week, institutional investors poured $176 million into cryptocurrencies, taking the 10-week total to a whopping $1.76 billion.
This streak of inflows was the largest since October 2021, which saw the launch of the futures-based exchange-traded fund (ETF) in the U.S.<a href="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset.webp" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow"><img loading="lazy" class="aligncenter size-full wp-image-80983" src="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset.webp" alt="" width="1400" height="1409" srcset="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset.webp 1400w, https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset-298x300.webp 298w, https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset-1017x1024.webp 1017w, https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset-150x150.webp 150w, https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset-768x773.webp 768w, https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset-80x80.webp 80w, https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05103505/Digital-asset-100x100.webp 100w" sizes="(max-width: 1400px) 100vw, 1400px"></a>
This time around, the enthusiasm was driven by spot ETFs. Indeed, a dozen-odd applications for a Bitcoin ETF are pending for approval by the U.S. Securities and Exchange Commission (SEC).
Moreover, at least seven applications for a spot Ether ETF have been submitted by the some of the biggest asset managers of the world.
With the latest run, the total assets under management (AuM) increased to $46.2 billion, marking a 107% leap since the start of the year.
On expected lines, the majority of inflows centered around world’s largest crypto asset <a href="https://eng.ambcrypto.com/search/bitcoin" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Bitcoin [BTC]</a>, totaling over $132 million. On a YTD basis, the aggregated capital inflows into Bitcoin reached a whopping $1.6 billion.
<div id="attachment_80991" style="width: 100%" class="wp-caption aligncenter"><a href="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05110551/Flows-by-asset.jpg" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-80991" loading="lazy" class="size-full wp-image-80991" src="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05110551/Flows-by-asset.jpg" alt="" width="683" height="479" srcset="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05110551/Flows-by-asset.jpg 683w, https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/05110551/Flows-by-asset-300x210.jpg 300w" sizes="(max-width: 683px) 100vw, 683px"></a>
 Source: CoinShares
</div>
The king of the cryptos has been leading the ongoing bull run. The coin reached levels last seen before the bear market began. Bitcoin recently <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">reclaimed</a> the $41,000-mark after 18 months and looked set to push further to the north.
<h4>Ethereum’s late-year boom</h4>
<a href="https://eng.ambcrypto.com/search/ethereum" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Ethereum [ETH]</a>, the second-most popular cryptocurrency, also witnessed net buying from the institutional side. With the latest $31 million in inflows, Ethereum’s 5-week run surged to $134 million.
Moreover, for the first time in 2023, ETH’s yearly net flows turned positive at $10 million.
This was significant as Ethereum was snubbed by investors for a long time in 2023. In fact, not too long ago, Coinshares itself referred to it as the <a href="https://ambcrypto.com/digital-asset-products-buck-losing-streak-to-record-weekly-inflows/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">“least-loved altcoin</a>.”
Institutional investors’ appetite for cryptocurrencies was bound to increase as the final deadline for ARK 21Shares Bitcoin ETF approval approaches in January 2024.
According to a recent report by crypto exchange <a href="https://drive.google.com/file/d/1UV08IZekMSKycCylGE25GydoIil8r2o1/view?pli=1" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Bybit</a>, these investors held more than 50% of their assets in BTC and ETH as of September 2023. Furthermore, their portfolio’s allocation to BTC increased significantly in September.
The post <a rel="noopener noreferrer nofollow" href="https://eng.ambcrypto.com/crypto-funds-record-largest-inflow-streak-in-over-two-years/" data-wpel-link="internal" target="_self">Crypto funds record largest inflow streak in over two years</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://eng.ambcrypto.com" data-wpel-link="internal" target="_self">AMBCrypto</a>.

Crypto funds record largest inflow streak in over two years

AMBCrypto

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