Crypto product inflow streak hits 10 weeks before BTC climbed to $42k

The $1.76 billion of net inflows over the 10-week run is a total not seen since bitcoin futures ETFs launched in October 2021


Artwork by Crystal Le


Crypto investment products continue to notch inflows, marking a 10-week stretch with asset injection not seen in more than two years. 

Such offerings brought in $176 million last week, according to a Monday CoinShares report — down from $346 million the week prior.

Source: CoinShares

Still, these products have brought in $1.76 billion total over the active 10-week inflow streak. This is the best stretch since October 2021. That month marked the launch of bitcoin futures ETFs, including the ProShares Bitcoin Strategy ETF (BITO) that quickly grew to having more than $1 billion in assets under management.

Interest in BITO has picked up in recent months as optimism around the potential approval of spot bitcoin ETFs persists. 

Read more: Industry watchers pin down possible bitcoin ETF approval dates

The futures-based fund has seen net inflows of $270 million since Nov.1, according to — hitting an asset peak of $1.47 billion last week

ProShares products accounted for roughly $39 million of the crypto product inflows last week, the CoinShares data shows. Canada-based Purpose Investments was the only provider that tallied more inflows, seeing about $50 million. 

Bitcoin-related investment offerings accounted for $133 million of the $176 million of crypto product inflows last week as the asset’s price has continued to rally. 

The BTC price stood at roughly $41,600 at noon on Monday in New York — up 13% from seven days ago. Bitcoin’s price briefly eclipsed $42,000 Monday morning

The recent surge in bitcoin’s price can be attributed to several factors, according to Deribit Chief Commercial Officer Luuk Strijers. In a statement, Strijers highlighted “easing concerns following the settlement of Binance’s legal matters, escalating geopolitical tensions, easing of inflation, and the steady increase in institutional engagement.” This comes alongside the anticipation of a positive SEC decision on proposed spot bitcoin ETFs, he added.

Ether-related products made up $31 million of last week’s net inflows, while blockchain equities saw a seventh straight week of positive flows. The latter product segment brought in $17 million last week, the largest since July 2022.

Crypto-related stock prices jumped Monday morning. Coinbase and MicroStrategy were up about 6% and 7%, respectively, on the day, as of 12 pm ET. Crypto miners Marathon Digital Riot Platforms each had notched daily stock price gains of roughly 8.5% at that time. 

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


BUZZ holds shares of Coinbase, Robinhood and MicroStrategy


Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders


Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume


DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit