Digital Asset Funds Have Record Quarter with $4.2 Billion Inflows So Far

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


Source: Shutterstock


key takeaways

  • 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. 


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

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 Templates.png


ZKPs enable efficient offchain transaction processing and validation, resulting in increased throughput and reduced fees. Solana's ZK Compression leverages ZKPs to minimize onchain storage costs, while Sui's zkLogin streamlines user onboarding by replacing complex key management with familiar OAuth credentials.


Plus, is Polymarket this cycle’s breakthrough mainstream app?


The crypto asset manager lowered its planned fee from 0.25% to 0.15%, undercutting its competitors


Plus, a look at planned ETH ETF fees and how they differ from their BTC counterparts


North Korea suspected in breach of Indian exchange’s multisig wallet


Plus, Sanctum’s CLOUD token has officially launched — but not without problems


It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.