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The total value of assets under management for crypto-related investment products surged 107% to $46.2 billion on the heels of the tenth consecutive week of inflows recorded by these products.
Per CoinShares’ weekly <a href="https://blog.coinshares.com/volume-160-digital-asset-fund-flows-weekly-report-3523bcc12d66" rel="noopener noreferrer nofollow">report</a>, crypto products recorded a robust inflow of $176 million during the past week, bringing its total for the 10-week influx to an impressive $1.76 billion. The asset manager noted this sustained influx is the most substantial since Oct.2021, coinciding with the launch of a futures-based ETF in the United States.
Notably, these inflows have amplified Exchange Traded Products (ETP) trading volumes to around $2.6 billion, constituting 12% of Bitcoin’s (<a href="https://cryptoslate.com/coins/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) overall trading volumes.
The run of inflows can be attributed to the market optimism surrounding the potential approval of a spot Bitcoin ETF in the U.S. During the past months, several established financial institutions, including <a href="https://cryptoslate.com/companies/blackrock/" rel="noopener noreferrer nofollow">BlackRock</a>, applied for a spot Bitcoin ETF with the Securities and Exchange Commission (SEC).
This unfolding scenario and the SEC’s active <a href="https://cryptoslate.com/sec-met-with-grayscale-and-seven-other-spot-bitcoin-etf-applicants-in-late-november/" rel="noopener noreferrer nofollow">interactions</a> with the applicants have heightened market anticipation about a possible approval for the numerous applications.
<h2 id="bitcoin-dominates-inflows">Bitcoin dominates inflows</h2>
Bitcoin remains a major beneficiary of the interest in the market, recording a substantial inflow of $133 million last week. Short-Bitcoin products reversed their three-week outflow trend to register a $3.6 million influx.
The inflow into short BTC products could be linked to the <a href="https://cryptoslate.com/bitcoin-zips-past-41000-amid-unending-etf-optimism/" rel="noopener noreferrer nofollow">recent bullish performance</a> of the top cryptocurrency, breaking the $41,000 barrier earlier today, Dec. 4, amid a persisting <a href="https://cryptoslate.com/bitcoin-shatters-40k-threshold-amid-etf-discussions-and-halving-anticipation/" rel="noopener noreferrer nofollow">strong market performance.</a>
Similarly, Ethereum (<a href="https://cryptoslate.com/coins/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) observed a notable inflow of $31 million last week, marking a five-week streak of $134 million. Consequently, Ethereum has reversed its prolonged negative sentiment, achieving a net inflow of $10 million for the year.
In contrast to the positive trends, Litecoin (<a href="https://cryptoslate.com/coins/litecoin/" rel="noopener noreferrer nofollow">LTC</a>) stood as the only asset to experience an outflow last week, tallying around $0.2 million in negative movement amidst the overall surge in digital asset investments.
Across regions, last week’s influx was primarily fueled by investors from Canada, Germany, and the U.S., contributing $79 million, $57 million, and $54 million, respectively.
Conversely, investors from Hong Kong caused a $15 million outflow from the market. While the Asian market remains relatively small, it is the only region witnessing a year-to-date net outflow.
The post <a href="https://cryptoslate.com/crypto-investment-products-hit-46b-aum-maintaining-record-10-weeks-inflow-streak/" rel="noopener noreferrer nofollow">Crypto investment products hit $46B AUM maintaining record 10 week inflow streak</a> appeared first on <a href="https://cryptoslate.com" rel="noopener noreferrer nofollow">CryptoSlate</a>.

Crypto investment products hit $46B AUM maintaining record 10 week inflow streak

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