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<p><span style="font-weight: 400;">Inflows into crypto investment products hit a record high $2.45 billion last week with the US and Bitcoin the big winners, CoinShares said.</span></p>
<p><span style="font-weight: 400;">That elevated the total assets under management to $67 billion, marking the highest level since December 2021, CoinShares <a href="https://blog.coinshares.com/volume-170-digital-asset-fund-flows-weekly-report-1ec8ffde2dda" rel="noopener noreferrer nofollow">said</a> in a Feb. 19 report. Last week’s inflows pushed inflows for the year to date to an impressive $5.2 billion.</span></p>
<p>The vast majority of inflows, around 99%, were directed to the US, driven by interest in spot Bitcoin ETFs (exchange-traded funds), with an equivalent percentage of inflows being invested in the very dominant Bitcoin.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🟢 Inflows reached a record of US$2.45bn last week, leading AuM back to December 2021 levels!</p>
 <p>💹 AuM: US$67 billion<br>🗓 Year to date inflows: US$5.2 billion</p>
 <p>– Dynamics by region –</p>
 <p>🇺🇸 USA: US$2.4bn (99% of inflows)<br>🇩🇪 Germany: US$13m inflows<br>🇨🇭 Switzerland: US$1m inflows<br>🇸🇪… <a href="https://t.co/5vLj9nB87E" rel="noopener noreferrer nofollow">pic.twitter.com/5vLj9nB87E</a></p>
 <p>— CoinShares (@CoinSharesCo) <a href="https://twitter.com/CoinSharesCo/status/1759609793063403541?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 19, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>&nbsp;</p>
<h2 id="span-style-font-weight-400-coinshares-says-link-and-matic-stand-out-because-of-consistent-inflows-span"><span style="font-weight: 400;">CoinShares Says LINK and MATIC Stand Out Because Of Consistent Inflows</span></h2>
<p><span style="font-weight: 400;">Altcoins Ethereum (ETH) and Avalanche (AVAX) saw inflows of $21 million and $1 million, respectively. Meanwhile, Chainlink (LINK) and Polygon (MATIC) each recorded inflows of $0.9 million, two altcoins that stand out because they are seeing consistent weekly inflows, CoinShares said.&nbsp;</span></p>
<p><span style="font-weight: 400;">The recent network outage suffered by Solana seems to have </span><a href="https://insidebitcoins.com/news/solana-is-most-loved-altcoin-with-26-million-in-inflows-this-year-coinshares-says" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">impacted sentiment around SOL</span></a><span style="font-weight: 400;">, causing $1.6 million in outflows. Among nations, Sweden was the biggest loser with $26 million of outflows.</span></p>
<p><span style="font-weight: 400;">Investors in blockchain equity ETFs took profits last week, triggering outflows of $167 million. Some investors also took the opportunity to add to short-BTC positions, as bets against the leading crypto registered $5.8 million of inflows.</span></p>
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Crypto Inflows Surged To Record High $2.45 Billion Last Week, CoinShares Says

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