Crypto Funds Hit Record $188 Billion AuM With 12th Week of Inflows

Crypto funds have experienced a 12th consecutive week of inflows, with assets under management (AuM) reaching a record high of $188 billion. This surge in AuM is attributed to rising prices in the digital asset market. The total inflows over the past 12 weeks amount to $18 billion, indicating a strong and sustained interest from investors.

Bitcoin ETFs have been a significant driver of this growth, attracting $14.5 billion in net inflows this year. The trading volume for these ETFs has surpassed $1 trillion since their launch, highlighting their role in attracting both institutional and retail investors. The United States led regional activity with $1 billion in new inflows, significantly outpacing other regions such as Germany and Switzerland.

However, not all regions saw inflows. Canada and Brazil recorded outflows of $29.3 million and $9.7 million, respectively, reflecting weaker investor sentiment in these markets. Bitcoin products pulled in $790 million, although this was a slower pace compared to the recent average of $1.5 billion per week. This suggests that investors may be exercising caution as Bitcoin approaches its all-time highs.

Ethereum has also seen impressive performance, with an 11th straight week of inflows totaling $226 million. Over this period, Ethereum’s average weekly inflows have represented 1.6% of its assets under management, double the pace of Bitcoin’s 0.8%. This indicates a growing preference for Ethereum among digital asset investors.

Analysts have expressed optimism about the approval of spot ETFs for other cryptocurrencies. There is a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year. Additionally, a crypto index ETF tracking multiple assets could gain approval as early as this week, providing broader access to altcoins for traditional investors. The final deadlines for individual altcoin ETFs are in October, with high approval odds for tokens like Dogecoin and Cardano by year-end. However, Sui and Tron ETFs face more regulatory uncertainty with lower approval odds.