The crypto funds have seen a significant influx of $1.8 billion, making them the second-largest in terms of net inflow for the week. This surge can be attributed to the offerings from top asset managers such as Fidelity, Bitwise, Grayscale, 21 Shares, BlackRock, ProsShares, and Ark Invest, who have introduced a range of global digital asset investment products. These offerings have garnered immense trading volume within just a week, surpassing even the US spot bitcoin ETFs.
In fact, trading volumes in investment products have skyrocketed to over $30 billion for the week, with CoinShares Head of Research James Butterfill noting that this figure sometimes represented up to 50% of global bitcoin daily trading volumes on reputable exchanges.
The US spot bitcoin ETFs have also seen a notable increase in trading volume, reaching $22.3 billion in just a week. Furthermore, they have generated over $7.6 billion in trading, marking the highest volume to date and bringing the total ETF trading volume to $73.9 billion.
While the US-based funds continue to dominate net inflows, Switzerland-based funds have emerged as a strong contender with $20 billion in inflows. In contrast, countries like Canada, Sweden, and Germany are experiencing outflows of $23 million, $33 million, and $35 million, respectively.
Overall, the crypto industry is witnessing unprecedented growth and interest from investors around the world, with both established and emerging markets playing a significant role in shaping the future of digital asset investments.
