Digital asset funds attracted $3.7 billion last week, marking the second-largest inflow ever recorded, according to CoinShares.

Crypto Investment Products See $3.7B Inflows, Second-Highest Weekly Total Ever: CoinShares

Digital asset funds attracted $3.7 billion in inflows last week, marking the second-largest weekly total on record, according to crypto investment firm CoinShares.

The only higher figure came during the week ending December 6, 2024, when inflows exceeded $4 billion, CoinShares noted in its latest Monday report.

The surge in capital marked the 13th consecutive week of positive flows into crypto investment products and pushed total assets under management (AUM) above $200 billion for the first time. As of last week, crypto fund AUM stood at $211 billion.

The rally was overwhelmingly driven by U.S.-listed funds, which took in nearly $3.74 billion, while Europe-based products experienced outflows. Funds in Germany saw $85.7 million in redemptions, and those in Sweden lost $15.7 million.

Bitcoin-focused products led the inflows, receiving $2.7 billion, bringing total BTC fund AUM to $179.5 billion. That figure now represents 54% of the assets held in gold-backed exchange-traded products (ETPs).

The bullish momentum came as bitcoin surged nearly 10% during the week ending July 11, setting a new all-time high near $118,000. The rally has continued into this week, with BTC reaching $122,873.45, according to CoinDesk.

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