• Digital asset investment products saw a $242 million inflow last week
  • Ethereum continues to grow in popularity, making up almost 50% of total flows

Amid bitcoin’s extended rally last week, digital asset investment products saw a $242 million inflow, up from $108 million the week prior, according to data compiled by asset manager CoinShares. 

Q1 inflows into cryptocurrency funds now total $4.2 billion so far, breaking the record of $3.9 billion set in Q4 2020. 

Bitcoin was the most popular asset with an inflow of $129.6 million. As bitcoin approached $60,000 last week, there were outflows of $39 million, likely due to profit taking. 

Alternative coin ethereum followed with a $113.5 million inflow, up from $3.7 million the week prior. Ethereum is up more than 140% year-to-date.

Weekly Crypto Asset Flows
Source: CoinShares

Digital investment firm Grayscale, known for the Grayscale Bitcoin Trust (Ticker GBTC), continued to lead with a $12.8 million inflow into their products last week.

Passive funds, those that simply track digital asset prices, continue to be more popular with investors than active funds. Passive funds have $54.1 billion in assets under management as of last week, compared to active funds’ $786 million in assets under management. Pricing data shows that passive investment products continue to outperform active funds, according to CoinShares. 

  • Blockworks
    Senior Reporter
    Casey Wagner is a New York-based business journalist covering regulation, legislation, digital asset investment firms, market structure, central banks and governments, and CBDCs. Prior to joining Blockworks, she reported on markets at Bloomberg News. She graduated from the University of Virginia with a degree in Media Studies. Contact Casey via email at [email protected]