Inflows into crypto derivatives have rebounded after record weekly outflows

The largest part of the inflow of $862 million has traditionally come from bitcoin

01.04.2024 - 14:40

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3 min

What’s new? Inflows into spot bitcoin exchange-traded funds (ETFs) have begun to recover, totaling $862 million from March 25 to March 29, according to James Butterfill, head of research at investment firm CoinShares. The previous week saw an all-time record outflow from crypto derivatives totaling $942 million, 96% of which was from bitcoin products.

Source: Twitter.com

What else is known? On a regional level, the largest inflow last week was seen in the United States: $897 million. Brazil and Australia also recorded small inflows: $2,9 million and $1,5 million, respectively. At the same time in Canada, Switzerland, Germany, and Sweden, as well as last week, the outflow continued: $20,3 / $15,6 / $10,5 / $2,4 million, respectively.

Total inflows have exceeded $5,4 billion since the beginning of the month and $13,1 billion since the beginning of the year. The total assets under management (AUM) of crypto investment companies exceeds $97,9 billion.

Most of the inflow of funds traditionally came from bitcoin, but the positive result for the week was also recorded in investment products based on tokens SOL, DOT, ADA, XRP, and LTC, in them investors invested $6,1 / $2,4 / $1,1 / $0,1 / $0,3 / $0,2 million, respectively.

Last year, CoinShares analysts named SOL as the favorite token of investors in crypto derivatives, now it is also leading the way among altcoins, and the network is seeing an increase in activity due to the meme token boom.

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In turn, derivatives based on the largest altcoin by capitalization, ETH, faced an outflow of $18,9 million. BNB (-0,5 million) also had a negative result. In addition, investors withdrew $2 million from short positions on bitcoin.

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