Bitcoin (BTC) Dominates the Flows, Grayscale's Crypto Funds See Continued Net Outflow

Inflows into crypto-related investment products continued for the third consecutive week, with $1.2 billion flowing into the sector.

Crypto-related investment products saw inflows for the third consecutive week, with $1.2 billion flowing into the sector, according to CoinShares’ latest weekly report.

The strong inflows were largely attributed to expectations of a dovish US monetary policy and positive market momentum, which pushed total assets under management up by 6.2% to $92.7 billion, the report noted.

Additionally, the US Securities and Exchange Commission’s approval of options trading for BlackRock’s spot Bitcoin ETF also lifted market sentiment. However, despite these inflows, weekly trading volume in the sector dipped by 3.1%.

Bitcoin continued to dominate the flows, with investors pouring in $1 billion to BTC-related investment products.

This can be linked to its strong price performance and also the improved inflows to spot Bitcoin ETF products last week. Notably, the funds run by Bitwise, BlackRock, Fidelity, and Ark 21 Shares all saw positive performance during the reporting period.

However, Grayscale’s crypto funds continued their net outflow trend, dropping its total assets to $21.2 billion.

Meanwhile, BTC’s recent uptrend to around $65,000 fueled an $8.8 million inflow into short-Bitcoin products, as some investors expect the current rally to fade.

Regionally, sentiment was divided. The US led with $1.2 billion in inflows, while Switzerland trailed with $84 million. In contrast, Germany and Brazil experienced outflows of $21 million and $3 million, respectively.

Ethereum-related products ended a five-week outflow streak, bringing in $87 million—the first significant inflow since early August.

Data from SosoValue showed that spot Ethereum ETFs saw the second-highest weekly flows since their launch in July.

On the other hand, large-cap alternative digital assets had mixed results. Litecoin and XRP recorded inflows of $2 million and $0.8 million, respectively. Meanwhile, Solana and Binance faced outflows of $4.8 million and $1.2 million.

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