Inflows into crypto-linked products as nearing 2021’s all-time high after last week saw a record amount of new investments.
Strong investor interest in digital assets saw a record $2.7 billion flow into crypto-linked products last week, according to a report by CoinShares International. In 2024, such products such inflows totaled $10.3 billion, nearing the record $10.6 billion in 2021.
The majority of the inflows to the crypto markets this year are largely a result of freshly launched spot bitcoin ETF offerings from BlackRock and Fidelity Investments. They have also helped offset outsized outflows from Grayscale Investments’ Bitcoin ETF.
Regulatory Approval
BlackRock’s product and nine other spot bitcoin ETFs were approved by the Securities and Exchange Commission on January 11. Since then, bitcoin saw its price soar more than 50 percent to around $72,000.
In Asia, Hong Kong may also soon join as a contributing market. Local asset manager Value Partners recently announced that it had entered a tie-up to explore the launch of its own bitcoin ETF. Separately, HSBC has also reportedly enabled client access to crypto ETFs in the city.
