Bitcoin Takes 84% of $3.17B in Weekly Crypto Inflows
Crypto investment products brought in $3.17 billion last week. That pushes 2024's total to $48.7 billion, a new record for the year.
Quick overview
- Crypto investment products attracted $3.17 billion last week, bringing the total for 2024 to a record $48.7 billion.
- Bitcoin dominated inflows with $2.67 billion, accounting for over 84% of the week's total, while Ethereum followed with $338 million.
- Other altcoins like Solana and XRP saw lower inflows compared to previous weeks, indicating potential investor caution.
- Institutional interest in digital assets is growing, but future inflows will depend on regulatory developments and macroeconomic conditions.
Crypto investment products brought in $3.17 billion last week. That pushes 2024’s total to $48.7 billion, a new record for the year. Institutions keep putting money into digital assets even with all the recent volatility.
Bitcoin grabbed $2.67 billion of those inflows. That’s more than 84% of the week’s total. Ethereum came in second at $338 million, suggesting investors still see a future for the network.
Bitcoin’s clearly the favorite for institutions getting into crypto. Ethereum keeps pulling in steady money too, which makes sense given it’s the top smart contract platform. But not every altcoin had the same week.
Solana got $93.3 million. XRP pulled in $61.6 million. Those numbers are decent, but they’re down from what we’ve been seeing in previous weeks. Could be investors getting more careful or just waiting to see where the market goes next.
We’re looking at almost $50 billion flowing into crypto funds this year. That tells you institutions are getting comfortable with digital assets in their portfolios. This kind of money could shape where Bitcoin and altcoins go from here.
Regulations are going to be important here. How long this runs depends on what U.S. and European policymakers do next. Those decisions have always moved the needle on fund flows.
Can institutional demand stay this strong through the end of the year? Past cycles show that regulatory clarity and macro conditions usually decide how long these inflow streaks last.
Bitcoin’s taking the lion’s share of new money, which shows where institutions feel safest parking their cash. Sure, Ethereum, Solana, and XRP are getting inflows too. But the distance between Bitcoin and everything else is still huge.
The $48.7 billion year-to-date number is a big deal for fund managers and institutional players. Crypto used to be something on the margins. Now it’s driving real allocation decisions at big investment shops.
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