Investment vehicles tied to digital assets saw an unprecedented influx of $2.9 billion during the period spanning March 11 to March 15, as reported by CoinShares. This surge surpassed the previous record of $2.7 billion, bringing the year-to-date inflows to $13.2 billion, exceeding the total inflows recorded for all of 2021, which stood at $10.6 billion.
Simultaneously, trading volumes surged to $43 billion for the week, marking a record high and representing over 47% of the global Bitcoin (BTC) volumes. Notably, blockchain funds witnessed an inflow of $19 million after six consecutive weeks of outflows.
Global Exchange-Traded Products (ETPs) surpassed the $100 billion milestone for the first time during the week, although a subsequent price correction brought the total down to $97 billion.
Bitcoin led the inflows, capturing $2.86 billion, which accounted for 97% of the year-to-date inflows. Conversely, short Bitcoin positions saw inflows totaling $26 million for the fifth consecutive week. Meanwhile, major altcoins experienced capital outflows, with Ethereum (ETH), Solana (SOL), and Polygon (MATIC) witnessing outflows of $14 million, $2.7 million, and $6.8 million, respectively.
During the preceding week, from March 4 to March 8, 2024, inflows into crypto investment products reached a record high of $2.7 billion. Over the past couple of months, total inflows amounted to $10.3 billion, with Bitcoin playing a significant role, accounting for $2.6 billion of the inflows.