Chainlink

Avalanche

James

BlackRock

<p>In a surge driven by a record week of inflows for crypto-derived exchange-traded products (ETPs), the combined assets under management (AUM) for <a href="https://www.cryptopolitan.com/uk-government-aims-to-pass-crypto-regulation/" rel="noopener noreferrer nofollow">crypto</a> investment products have reached levels unseen since the peak of the last bull market in 2021, according to CoinShares.</p>
<h2 class="wp-block-heading" id="record-inflows-propel-aum-to-67-billion">Record inflows propel AUM to $67 billion</h2>
<p>As per a report by CoinShares’ research head, James Butterfill, crypto investment products’ AUM now stands at $67 billion, marking the highest level since December 2021. This rise is attributed to year-to-date inflows of $5.2 billion and positive price action in the crypto market.</p>
<h2 class="wp-block-heading" id="record-week-of-inflows-driven-by-us-listed-crypto-etps">Record week of inflows driven by US-listed crypto ETPs</h2>
<p>Crypto ETPs witnessed a record $2.45 billion inflows in the <a href="https://blog.coinshares.com/volume-170-digital-asset-fund-flows-weekly-report-1ec8ffde2dda" rel="noopener noreferrer nofollow" target="_blank">week</a> ending February 16, with 99% of these inflows attributed to United States-listed crypto ETPs. Notably, the surge in inflows was significantly fueled by the 10 approved spot Bitcoin ETFs, which saw a remarkable acceleration of net inflows, according to Butterfill.</p>
<p>BlackRock and Fidelity’s ETFs played a pivotal role in last week’s inflows, with nearly $2.3 billion pouring into these products. BlackRock’s ETFs saw inflows of $1.6 billion, while Fidelity’s ETFs attracted over $648 million in inflows.</p>
<p>Simultaneously, outflows from incumbent players have witnessed a dramatic decrease. Grayscale’s products, for instance, experienced $623 million in weekly outflows, with its Bitcoin fund alone losing over $7 billion since January 1 after transitioning to an ETF structure.</p>
<h2 class="wp-block-heading" id="price-action-and-investor-sentiment">Price action and investor sentiment</h2>
<p>Bitcoin’s price surged 4% between February 12 and February 16, ending the week at over $52,000, a level not seen since December 2021. Despite this positive price action, some investors are betting on a price decline, evidenced by the $5.8 million inflows into short-Bitcoin products. Ether products also saw minor inflows of $21 million, closing the week at around $2,800.</p>
<p>Altcoin ETPs based on Avalanche (AVAX), Chainlink (LINK), and Polygon (MATIC) have consistently seen weekly inflows this year, each attracting around $1 million in inflows. These altcoins have gained traction among investors seeking exposure beyond Bitcoin and Ether.<br></p>
<p>Conversely, <a href="https://www.cryptopolitan.com/filecoin-partners-solana-blockchain-storage/" rel="noopener noreferrer nofollow">Solana</a> products experienced $1.6 million in outflows, attributed to impacted sentiment following the network’s recent downtime in early February.</p>

Crypto investment products reach the highest AUM

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Altri articoli pubblicati su 20 feb 2024

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