On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Crypto Funds Notch $2.9B Record in Weekly Inflows

Digital-asset investment products attracted a substantial $2.9 billion in funds during the week spanning March 11–15, 2024, surpassing the prior record of $2.7 billion, as reported by CoinShares. Year-to-date, these inflows have reached $13.2 billion, outpacing the total inflows seen in 2021, which amounted to $10.6 billion.

Throughout this period, trading volumes hit $43 billion, marking a record for the previous week and accounting for more than 47% of all Bitcoin volumes worldwide. Additionally, blockchain investments saw a notable turnaround, with inflows of $19 million after six consecutive weeks of outflows.

The United States topped the regional rankings with $2.95 billion in inflows. Hong Kong, Australia and Brazil experienced negligible inflows while Switzerland, Canada, Sweden and Germany experienced outflows totaling $78 million. This distribution of geographic interest highlights the wide range of interest in crypto assets around the world.

Additionally, global Exchange Traded Products (ETPs) surpassed the $100 billion milestone for the first time during the week, although a subsequent market adjustment resulted in a $97 billion settlement.

Bitcoin (BTC) accounted for $2.86 billion in inflows, representing 97% of the year-to-date total. Conversely, short Bitcoin positions reached $26 million for the fifth consecutive week. Notably, leading altcoins experienced outflows, with Solana (SOL), Polygon (MATIC) and Ethereum (ETH) losing $2.7 million, $6.8 million and $14 million, respectively.

Looking back to the week of March 4–8, 2024, cryptocurrency investment products’ capital inflows hit a record $2.7 billion. In the two months prior, total inflows were $10.3 billion, somewhat less than the $10.6 billion total for the year 2021. Of those inflows, $2.6 billion came from Bitcoin.

The cryptocurrency investment landscape is being shaped by regulatory changes, especially in the United States where favorable regulatory approvals and competitive management costs have allowed U.S. spot Bitcoin ETFs to take more than 80% of the spot market share. Internationally, opinions on crypto exchange products have been divided, with significant Bitcoin spot ETF outflows in Canada and Europe. However, regulators throughout the world are starting to reevaluate their positions due to the rising acceptance and popularity of Bitcoin spot ETFs.

Regulatory bodies such as the Financial Conduct Authority (FCA) in the United Kingdom and the Securities and Futures Commission (SFC) in Hong Kong are beginning to soften their approach towards cryptocurrency-backed ETFs and Exchange Traded Notes (ETNs), suggesting a possible global shift in favor of crypto investment products.

The positive momentum that crypto ETFs have brought to the industry is also benefiting other segments of the crypto industry, such as the mining segment in which enterprises such as Riot Blockchain Inc. (NASDAQ: RIOT) operate.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.CryptoCurrencyWire.com/Disclaimer

New York, NY
212.994.9818 Office

CryptoCurrencyWire is powered by IBN


Select A Month

Official NewsWire Relationships

Anarchapulco Main Event Blockchain Africa Conference Blockchain Futurist Conference Blockchain Life Conference Blockchain Shift Coingenius Coinvention CryptoBlockCon CryptoFest European Blockchain Convention EVOLV - evolve.events Finovate nftexpoverse Paris Blockchain Week The North American Bitcoin Conference Virtual Blockchain Week The Voice of Blockchain World Crypto Conference

CryptoCurrencyWire Currently Accepts



Bitcoin Cash

Bitcoin Cash

Doge Coin






USD Coin

USD Coin

Contact us: 212.994.9818