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Bitcoin Dominates Flow of Institutional Funds with the Largest Consecutive Weekly Inflow

Posted on July 20, 2023

A review of the institutional investment in cryptocurrencies by CoinShares shows Bitcoin sustaining its dominance. 

CoinShares observed the digital asset investment attracted $137 million in inflows in the seven-day week. The investment shows that the total inflows rose to $742 million in the four weeks. The weekly activity portrayed the most significant inflows realized by crypto assets since the last quarter of 2021.

Rising Institutional Investment Inflows Visible in the Trade Volume

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The review by the European crypto management firm observed that the trading volumes for the digital asset investment exceed the $1.4 billion annual average. The weekly reports of investment inflows and outflows occurring in the exchange-traded products (ETPs), over-the-counter (OTC), and mutual funds illustrated robust activity within the sector. 

CoinShares weekly review shows the crypto asset industry realized a $2.3 billion trading volume, illustrating the robust activity as more institutional investors embraced the products. Coinshares research executive James Butterfill observed that institutional investment accounted for 11% of the previous week’s crypto trading volumes compared to the 2% average. 

Bitcoin Dominates Investment Activities

Bitcoin sustained its dominance by attracting the bulk of the investors’ activities in the week. CoinShares indicates that ProShares’ Bitcoin Strategy ETF (BITO) realized the largest inflow of $109 million. The fund, unveiled in October 2021, realized $1 billion worth of assets under its management.

Purpose Investment Inc saw the second largest activity of $19.7 million weekly, raising its monthly flows to $26.4 million. 

CoinShares report indicated that short Bitcoin investment products suffered $3.2 million in outflows for the twelfth consecutive week. The prolonged outflows have eroded the assets under management for the short-bitcoin products from April’s peak of $198 million to $55 million. 

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Ethereum Slips as Polygon and Solana Record Inflows 

The report notes that Ethereum is not attracting inflows despite the recent price appreciation. Notably, the second-ranked cryptocurrency by market capitalization suffered a $2 million outflow. The experience made it the crypto with the highest outflow to date. On the contrary, altcoins such as Polygon, Litecoin, and Solana witnessed net inflows though minor ranged $0.3 to $0.5 million.

CoinShares indicates Bitcoin’s dominance within the digital asset sector. It suggests continued investor interest are pursuing the flagship cryptocurrency.  

Europe Portrays Cautious Investment Dominated by Switzerland

Geographical distribution of net inflows shows North America accounted for the vast $137 million net inflow. In particular, the US took the lion’s share of the net inflows accounting for $109 million. Canada came second in the region with a net inflow of $28 million.  

Europe showed little activity, with minor outflows realized within the digital asset investment. It portrays investors in Europe deploying cautious sentiment. Nonetheless, Switzerland defied the trend with minor inflows observed towards digital investment products.


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