Crypto products just hit a huge milestone, logging their 10th consecutive week of inflows at a solid $3.2 billion for the week of Dec. 9–13. According to CoinShares, these inflows have been fueled by the growing popularity of Bitcoin, which saw $2 billion of that total, marking a major boost for digital asset investment products.
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Bitcoin and Ethereum Lead the Charge
Bitcoin remains the dominant force in crypto inflows. As of this week, Bitcoin products have seen a whopping $11.5 billion since the U.S. presidential election, with BlackRock’s iShares Bitcoin Trust (IBIT) pulling in $2 billion alone. Meanwhile, Ethereum (ETH-USD) continues its upward trend, with Ether-based ETPs gaining $1 billion last week, marking the seventh consecutive week of inflows.
The Global Picture
The U.S. continues to lead the charge with $3.1 billion in crypto product inflows, while countries like Switzerland and Germany are also contributing. Interestingly, Sweden is the lone region to see outflows. According to CoinShares, this surge is part of a larger trend of growing global optimism around crypto.
At the time of writing, Bitcoin is sitting at $104,026.45.
