Crypto Investment Products Surge With $3.2B Inflows, Bitcoin Leads

This is the 10th week cryptocurrency investment products have been forced to take in funds, and a whopping $3.2 billion for December 9 through December 13, 2024. This is a big continuation of the bullishness throughout the year, with Bitcoin hitting new highs and investor confidence afloat.

The latest weekly report from CoinShares, a leading digital asset investment firm, brought the total inflows to $44.5 billion for 2024. With $20.3 billion moving into cryptocurrency exchange-traded products (ETP) during the past 10 weeks alone, that makes up 45 percent of the total capital flowing into crypto investment products this year.

But the show’s star continues to be Bitcoin, which hauled in $2 billion during the gold week. That total has made Bitcoin-focused products $11.5 billion since the U.S. presidential election in November, indicating several institutions are turning to digital assets. BlackRock’s iShares Bitcoin Trust accounted for the largest share of the $2 billion inflow that accelerated the surge, giving Bitcoin further dominance in the crypto space.

Despite total assets under management at only $130 million, $14.6 million in inflows were seen to short Bitcoin products. Yet that suggests a limited but cautious interest in hedging against Bitcoin’s price movements.