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Digital asset investment products recorded a significant surge over the past week, with investors pouring another $3.2 billion into the market. 
In its weekly fund flows <a href="https://coinshares.com/corp/resources/market-activity/fund-flows-16-12-24/" target="_blank" rel="nofollow">report</a>, digital asset manager CoinShares says the global crypto exchange-traded products market reached $44.5 billion in inflows year-to-date as the streak of positive flows continued to a 10th consecutive week. 
According to CoinShares, inflows into crypto ETPs has recorded a 300% increase over any other year, with the quadruple spike in 2024 also allowing for average volumes of $21 billion a week. About 30% of this ETP volume has been in Bitcoin exchange-traded funds on major exchanges. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Bitcoin volumes on trusted exchanges (all investment types) is highly liquid, having averaged US$8.3bn a day this year, double that of the FTSE 100,” CoinShares head of research James Butterfill wrote. 
</blockquote> 
<h2 class="wp-block-heading" id="bitcoin-records-2-billion-in-weekly-inflows">Bitcoin records $2 billion in weekly inflows</h2> 
The <a rel="" href="https://crypto.news/coinshares-crypto-investment-products-saw-record-3-13b-weekly-inflow/">surge in inflows</a> into digital asset investment products came as Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>) held near the psychological $100k level. BTC has since gone on to hit a new high above $106k. 
Over the past week, BTC investment products recorded inflows of $2 billion into Bitcoin ETPs. Since the U.S. election, Bitcoin has seen inflows of $11.5 billion to push the total assets under management in ETPs past $135 billion. Comparatively, the global digital asset investment products AUM stood at just over $167.4 billion as of Dec. 13. 
Per <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="nofollow">SoSoValue data</a>, BTC ETFs have seen cumulative net inflows of $35.6 billion as of Dec. 13. The total value traded since the funds launched on U.S. exchanges stood at over $3.1 billion. BlackRock’s iShares Bitcoin Trust has outshone other ETFs with mega net flows. 
 Read more: <a rel="" href="https://crypto.news/bitcoin-reaches-ath-of-106k-after-trumps-nyse-speech/"> Bitcoin hits $106K, an all-time high fueled by Donald Trump’s intention to do “great with crypto </a> 
<h2 class="wp-block-heading" id="ethereum-xrp-also-see-inflows">Ethereum, XRP also see inflows</h2> 
Ethereum (<a rel="" href="https://crypto.news/price/ethereum/">ETH</a>), predicted to <a rel="" href="https://crypto.news/eth-staking-etfs-have-potential-to-surpass-bitcoin-etf-bitcoin-suisse/">surpass BTC in ETFs inflows</a> in the next year, is on a seven-week streak of positive inflows with $1 billion in the past week and $3.7 billion in this period. 
Among top altcoins, XRP (<a rel="" href="https://crypto.news/price/xrp/">XRP</a>) recorded inflows of $145 million last week and Polkadot (<a rel="" href="https://crypto.news/price/polkadot/">DOT</a>) and Litecoin (<a rel="" href="https://crypto.news/price/litecoin/">LTC</a>) products attracted $3.7 million and $2.2 million respectively. 
For XRP, interest from institutional investors has increased since Trump’s win and as experts point to a potential approval for XRP ETFs by the U.S. Securities and Exchange Commission. Analysts have noted that Ripple’s launch of its <a rel="" href="https://crypto.news/ripples-cto-on-rlusd-stay-smart-avoid-fomo/">stablecoin RLUSD</a>, pegged 1:1 to the U.S. dollar, could be another catalyst for XRP as cross-border payments adoption picks momentum. 
Prices of these altcoins have increased in the past several weeks, with BTC’s spike also impacting crypto stocks such as MicroStrategy. 
 Read more: <a rel="" href="https://crypto.news/microstrategy-surges-6-5-in-pre-market-trading/"> Microstrategy surges 6.5% in pre-market trading </a>

Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge

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