Volume 210: Weekly Report on Digital Asset Fund Flows | by James Butterfill | November 2024

Bitcoin ETFs saw their largest inflows ever last week, totaling $3.12 billion

• Digital asset investment products saw their largest weekly inflows ever, totaling $3.13 billion, bringing total year-to-date inflows to a record $37 billion.
• Bitcoin saw $3 billion in inflows, although prices hitting new highs also sparked another $10 million in inflows into short Bitcoin investment products.
• Solana outperformed Ethereum last week with inflows of $16 million versus $2.8 million, but is significantly behind Ethereum in YTD measures.

Digital asset investment products recorded a total of $3.13 billion. Year-to-date inflows are now a record $37 billion, driven primarily by Bitcoin, far exceeding the debut of U.S. gold ETFs , which only attracted $309 million in its first year.

Inflows to the US of $3.2 billion were offset by outflows from Germany, Sweden and Switzerland of $40 million, $84 million and $17 million, respectively, where the most recent Price peaks were seen as an opportunity to take profits instead of adding to their positions. More positive sentiment prevailed in Australia, Canada and Hong Kong with inflows of US$9 million, US$31 million and US$30 million respectively.

Bitcoin saw $3 billion in inflows

Solana outperformed Ethereum last week with inflows of $16 million versus $2.8 million, but is significantly behind Ethereum in YTD measures. Altcoins XRP, Litecoin and Chainlink also recorded measurable inflows of $15 million, $4.1 million and $1.3 million respectively. Multi-asset investment products experienced outflows totaling $10.5 million for the second consecutive year.

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