CoinShares: Crypto Funds See Second Largest Inflow in 2024

According to a report by CoinShares, the week of February 24 to March 1 saw a total of $1.83 billion in receipts for cryptocurrency investment products, following a previous period of $598 million.

This marks the fifth consecutive week of positive growth, with a record inflow of $2.45 billion from February 10 to 16.

The total assets under management (AUM) increased to $82.56 billion, slightly down from the all-time high of $86 billion. Additionally, trading volume reached a new high of $30 billion, representing 50% of the total for trusted centralized platforms.

Investors specifically allocated $1.73 billion towards Bitcoin-related instruments in this reporting period, with total revenues for the year reaching $7.33 billion.

Notably, clients also invested $22.2 million in structures that allow for short positions on the first cryptocurrency, a notable increase from the previous week’s $3.9 million.