Ethereum

Cryptocurrency

Bitcoin ETF

Bitcoin

James

Cryptocurrency investment products set a record for inflows as Bitcoin surged past $100,000 for the first time ever.
Digital asset investment products saw their largest inflows on record, with $3.85 billion invested during the trading week of Dec. 2–6, <a data-ct-non-breakable="null" href="https://coinshares.com/pl-en/resources/market-activity/fund-flows-9-12-24/" rel="nofollow noopener" target="_blank" text="null" title="https://coinshares.com/pl-en/resources/market-activity/fund-flows-9-12-24/">according</a> to a report by crypto investment firm CoinShares.
The latest crypto investment milestone came just a few weeks after crypto investment products <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-etf-weekly-inflows-3-billion" rel="null" target="null" text="null" title="null">smashed the previous record of $3.12 billion</a> set in November when Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) traded at about $98,000.
The new high in weekly crypto inflows coincided with Bitcoin breaking above $100,000 for the first time on record on Dec. 5, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-hits-100-000-first-time-new-all-time-high" rel="null" target="null" text="null" title="null">reaching an all-time high of $104,000</a>.
<h2 id="bitcoin-leads-with-2-5-billion-in-inflows">Bitcoin leads with $2.5 billion in inflows</h2>
Coinciding with the Bitcoin price hitting new highs last week, BTC investment products led total crypto weekly inflows with $2.5 billion, bringing year-to-date inflows to $36.5 billion.
Short Bitcoin investors were less active last week, with short BTC products seeing tepid inflows of $6.2 million.
<figure>
 <img alt="Crypto ETPs hit record $3.85B inflows as Bitcoin smashes $100K" src="https://s3.cointelegraph.com/uploads/2024-12/0193ab0a-d697-7a8c-9198-150869ddb850" title="">
 <figcaption style="text-align: center;">
 Flows by assets (in millions of US dollars). Source: CoinShares
 </figcaption>
</figure>
“Historically, we have seen much higher inflows after sharp price rises, suggesting investors remain cautious on betting against the recent strong momentum,” CoinShares’ head of research, James Butterfill, wrote in the update.
<h2 id="ethereum-etps-see-the-largest-weekly-inflows-on-record">Ethereum ETPs see the largest weekly inflows on record</h2>
Ethereum, the second-largest blockchain network in terms of market capitalization after Bitcoin, also set new records in crypto investments last week amid Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-price-returns-4000" rel="null" target="null" text="null" title="null">surging past $4,000</a> on Dec. 6.
According to CoinShares, Ethereum products saw $1.2 billion in weekly inflows last week, its largest inflows on record since the first Ethereum exchange-traded funds (ETF) <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/spot-ethereum-etfs-begin-trading-sec-approval" rel="null" target="null" text="null" title="null">started trading in the United States</a> in July.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-etfs-record-inflow-with-9-positive-days-in-a-row" rel="null" target="null" text="null" title="null">Investors pile a record $432M into Ether ETFs amid 9 days of inflows</a>
A spike in Ethereum ETF investments came “at the expense” of Solana, which has seen $14 million in outflows, Butterfill noted, adding that Solana products saw their second consecutive week of outflows.
Additionally, blockchain equities saw inflows of $124 million, the largest since January, driven by growing investor confidence in improving Bitcoin miner margins, Butterfill said.
Cryptocurrency ETFs have seen a massive year in 2024 following the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-spot-etf-volumes-break-records-blackrock-fidelity-grayscale" rel="null" target="null" text="null" title="null">historic launch of spot Bitcoin ETF trading in the US</a> in January.
On Dec. 6, Bitcoin ETF holdings surpassed 1.1 million BTC combined for the first time, surpassing those held by the anonymous Bitcoin creator, <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/who-is-satoshi-nakamoto-the-creator-of-bitcoin" rel="null" target="null" text="null" title="null">Satoshi Nakamoto</a>.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-price-100k-donald-trump-paul-atkins-sec-gary-gensler-hodlers-digest/" rel="null" target="null" text="null" title="null">BTC hits $100K, Trump taps Paul Atkins for SEC chair, and more: Hodler’s&nbsp; Digest, Dec. 1 – 7</a>

Crypto ETPs hit record $3.85B inflows as Bitcoin smashes $100K

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