Crypto Investment Products See Record $2.2 Billion Inflows—Is The Bull Run Here?
Crypto asset investment products experienced approximately $2.2 billion in net inflows globally, the largest since July. Bitcoin-based products led this surge, with US spot Bitcoin ETFs adding $2.1 billion, including over $1.1 billion from BlackRock’s IBIT ETF. Cumulative inflows for Bitcoin ETFs reached $21 billion, managing a record $66 billion in assets. Last week’s inflows were the highest since March, reflecting renewed investor confidence in Bitcoin's long-term prospects. Ethereum-based products attracted $58 million, while Solana, Litecoin, and XRP saw smaller inflows. Multi-asset investment products faced net outflows of $5.3 million, ending a 17-week inflow streak. The inflow surge is linked to optimism surrounding the upcoming US elections, with expectations of a Republican victory boosting investor sentiment. Total assets under management for crypto funds are approaching $100 billion globally, although funds in Canada, Sweden, and Switzerland experienced net outflows.
