Crypto Funds’ Year-to-Date Inflows Surpass $13.2 Billion, Exceeding Total for 2021

Year-to-date inflows into crypto funds have surpassed $13.2 billion, exceeding the total for all of 2021, according to data from CoinShares. The surge in investments pushed global listed crypto funds to a new record high in inflows, with $2.9 billion flowing into digital asset investment products for the week ending March 15, surpassing the previous week’s record of $2.7 billion.

The strong inflows in 2022 have already surpassed the total inflows for all of 2021, which recorded $10.6 billion in inflows. Trading volumes for the week totaled $43 billion, the same as the previous week’s record, representing 47% of overall global Bitcoin volumes.

The U.S.-listed spot Bitcoin ETFs continue to be the main source of flows, accounting for $2.95 billion of the total. Other countries such as Brazil, Hong Kong, and Australia saw minor inflows of $24 million, $15 million, and $5 million, respectively. Switzerland saw the largest outflows, declining by $32.6 million, while Canada, Germany, and Sweden experienced combined outflows of $45.8 million.

Bitcoin accounted for $2.86 billion of the inflows last week, comprising 97% of all inflows year-to-date. Smart contract platforms, however, experienced outflows, with Ethereum (ETH), Solana (SOL), and Polygon (MATIC) seeing declines of $14 million, $2.7 million, and $6.8 million, respectively.

Blockchain equities saw inflows of $19 million, the first following a six-week period of outflows. Despite a pullback in prices after Bitcoin hit a new all-time high above $73,800, sentiment in the crypto market remains in ‘Extreme Greed’ territory, suggesting caution in opening new long positions.

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