Crypto-Linked Funds Attract $598M Last Week, Total AUM Hits 26-Week High

Share on Facebook Share on Twitter

In Brief

Digital asset funds continue their victorious march, recording further inflows. The recently introduced Bitcoin ETFs make up the majority of this week’s investments. The inflows since the beginning of the year have exceeded the $5.7 billion mark. The total assets under management reached a 26-week high.

Digital Asset Funds Continue Victorious March

According to the latest report from crypto asset management company CoinShares, investors invested $598 million in cryptocurrency-linked funds last week, raising the inflows since the beginning of the year to over $5.7 billion. This amount already corresponds to 55% of the record inflows recorded in 2021 – the year when the crypto market reached its peak.

Total Assets at 26-Week High

The total assets under management (AuM) reached a 26-week high of $68.3 billion, approaching the peak of $87 billion recorded in November 2021. The AuM is an important performance gradient of a fund. The higher the value of the AuM, the more investments it generally attracts.

USA Dominates the Inflows

The USA remained in focus, with the recently introduced Bitcoin ETFs making up the majority of investments with $610 million. To the relief of the market, outflows from the Grayscale Bitcoin Trust (GBTC) significantly decreased last week, totalling $436 million.

Bitcoin and Ethereum on the Rise, Solana Records Outflows

The largest institutional crypto product, Bitcoin, recorded investments of $570 million last week, raising the inflows since the beginning of the year to $5.6 billion. Funds linked to the second largest cryptocurrency, Ethereum, also recorded impressive inflows, amounting to $17 million last week. On the other hand, the failure of Solana triggered a second consecutive week of outflows from Solana-linked crypto products.

Our Assessment

The ongoing strength of digital asset funds shows that interest in cryptocurrencies and digital assets remains high. The introduction of Bitcoin ETFs has further strengthened the interest of institutional investors and could help promote the acceptance of cryptocurrencies in the mainstream. Despite some setbacks, such as the failure of Solana, the overall market remains strong and shows signs of continued expansion.

Sources: Aniket Verma, Saman Waris, CoinShares, CoinMarketCap

Share on Facebook Share on Twitter
Casinos: 48
Profile Bitcoin
Symbol BTC
Coin type Alt Coin
Transaction Speed Slow
  • First cryptocurrency, therefore very widespread
  • Largest selection of casinos among the coins
  • Many BTC based bonus offers
  • Fairly low transaction speed
Price 60.338,00 €
Percent Change 24h -0,36 %
Percent Change 7d -4,99 %
Percent Change 30d -9,27 %
Percent Change 60d -0,21 %
Percent Change 1y 142,13 %
Market Cap 1.189.652.390.522,00 €
Max. Supply 21.000.000
Official Links
Socials Reddit | X | Message Board
Best 3 Bitcoin casinos

Latest News

Created by

I've been on the team since the beginning of 2024. I was completely swept away by the crypto hype. I love trying out the new currencies and testing them in online casinos. A few facts about me: I have a weakness for classic 3-reel slots and coffee! When I'm not at my desk, you'll find me at the coffee machine.
Reviewed by
Nerd of Numbers

Last update: 11. June 2024 Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

We use cookies. By using this site, you accept them.