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Crypto boom: record inflows over $10 billion in 2023!
Crypto ETPs see record inflows of $3.3 billion. Investors are diversifying in the face of economic uncertainty.
Crypto boom: record inflows over $10 billion in 2023!
According to recent reports from Cointelegraph Crypto investment products saw a notable increase in inflows last week. These developments are part of a broader trend that shows total inflows since the start of the year have exceeded $10 billion.
In the week ending May 24, inflows into global crypto exchange-traded products (ETPs) were a whopping $3.3 billion. This is a significant increase compared to previous weeks and brings total inflows for 2023 to a record $10.8 billion. The performance of the ETPs directly correlates with the price movements of the respective cryptocurrencies and shows that the total assets under management (AUM) in crypto ETPs has reached an all-time high of $187.5 billion.
Bitcoin remains in the fast lane
Among various cryptocurrencies, Bitcoin ETPs led the inflows with $2.9 billion. This represents a quarter of the total inflows for 2024. On May 22, the price of Bitcoin rose above $110,000, prompting some investors to consider short BTC products. These recorded inflows of $12.7 million, the highest level since December 2024.
Ether (ETH) ETPs have also shown positive performance, with inflows of $326 million for the fifth week in a row. In contrast, XRP ETPs suffered outflows of $37.2 million, representing the largest outflows for these products. This came despite positive news, including a potential XRP spot ETF in the US.
Market analysis and record numbers
The latest data from CoinShares show a record for crypto ETPs, with inflows skyrocketing to $785 million in the previous week. These record figures surpass the previous peak of $7.2 billion reached in February 2025. This growth also offset the nearly $7 billion in outflows that occurred during the market correction in February and March.
It is important to note that the performance of ETPs, which are often subject to significant market volatility, depends on the underlying benchmarks. Investors should be aware of the risks, including tax implications and potential costs associated with ETP investments, such as external trading fees.
Overall, current inflows and market movements reflect investors' growing interest and diversification into digital assets as they respond to uncertainties in the traditional economy.