Investors Increase Crypto Exposure With $354 Million in Fund Inflows Last Week

Amid last week’s Reddit-induced market volatility, digital asset funds extended gains with $354 million inflow, according to data compiled by asset manager CoinShares. Although bitcoin remained relatively flat in price last week, it was the leading asset, representing 92% of inflows.  […]

article-image

Source, Coinshares

share
  • Inflows continued with a net investment inflow of $354 million into crypto products last week
  • Bitcoin led, making up 92% of asset inflows

Amid last week’s Reddit-induced market volatility, digital asset funds extended gains with $354 million inflow, according to data compiled by asset manager CoinShares. Although bitcoin remained relatively flat in price last week, it was the leading asset, representing 92% of inflows. 

Digital investment firm Grayscale, provider of the Grayscale Bitcoin Trust (Ticker GBTC), led with $90.6 million inflows into their products last week. GBTC has $22.9 billion in assets under management as of January 29, 2021. 

Ethereum gained momentum with nearly $20 million inflow last week. The second-largest digital currency has gained more than 80 percent year-to-date, sparking renewed interest in the digital asset. 

Grayscale’s Ethereum Trust (ticker ETHE), which closed in late December, is once again open to accredited investors, the digital asset management firm announced Monday. 

The trust is resuming private placement of shares, which occurs periodically throughout the year. ETHE holds only ethereum and has more than $4 billion in assets under management as of January 29, 2021, according to Grayscale.

Investor interest in other alternative digital currencies, such as ripple and bitcoin cash, remains very limited. Multi-asset funds saw $8 million inflow last week, although multi-asset investment products remain limited with just $500 million in total assets under management, representing 1.6% of passive investments. 

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /