Cryptocurrency goods see $3.2 billion in inflows for the tenth consecutive week.

As Bitcoin reaches new highs and cryptocurrency investment products saw their tenth straight week of inflows, cryptocurrency investors have not stopped their buying binge.

In its most recent weekly flows report released on Monday, December 16, cryptocurrency investment firm CoinShares said that digital asset investment products witnessed an additional $3.2 billion in inflows during the trading week of December 9–13.

This brings the overall inflows for 2024 to $44.5 billion, after weekly inflows of a record $3.85 billion during the preceding period.

The milestone comes after weekly inflows have been consistent since early October; in the last 10 weeks alone, inflows have totalled $20.3 billion, or 45% of all inflows in 2024.

With $2 billion inflows, Bitcoin goods are the most popular.

James Butterfill, head of research at CoinShares, noted in the update that $2 billion had been invested in Bitcoin BTCUSD investment products in the last week, increasing the total amount since the US presidential election to $11.5 billion.

With inflows of $14.6 million over the previous week, short Bitcoin instruments also saw a surge in activity. According to Butterfill, the total assets under management for short BTC exchange-traded products (ETPs) stayed modest at $130 million.

Research, Bitcoin ETF, Ethereum ETF, CoinShares, and Investments

Grayscale's Bitcoin Trust experienced withdrawals of $145 million, while BlackRock's iShares Bitcoin Trust exchange-traded fund (ETF) received the most inflows of BTC, at $2 billion.

Ether ETPs saw $1 billion in inflows in the seventh week.

With $1 billion in inflows into Ethereum ETPs last week, Ether ETHUSD, the second-largest cryptocurrency in terms of market capitalisation behind Bitcoin, reported another great week for ETP investments.

With the latest inflows, Ethereum ETPs have maintained their upward trend. Over the course of seven weeks, inflows into different Ether-based ETPs have totalled $3.7 billion.

All but one region had inflows last week, reflecting a generally favourable sentiment.

Research, Bitcoin ETF, Ethereum ETF, CoinShares, and Investments

With $3.1 billion in inflows, the United States remained the largest contributor, followed by Switzerland and Germany, with $35.6 million and $33 million inflows, respectively.

Sweden was the only country that had crypto ETP outflows last week, totally $19 million.

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