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Crypto fund inflows hit $882M, SUI outperforms XRP

Crypto funds have recorded $882 million in inflows for the past week and has continued a positive trend for the fourth consecutive week.

According to the latest CoinShares report, this sustained investment has pushed year-to-date inflows to $6.7 billion. Bitcoin remained the dominant asset for investor interest and accounted for $867 million of the weekly inflows.

US and Germany lead regional investment flows

The latest data reveals notable geographic variations in crypto investment flows. According to the report, US-based exchanges recorded $839.7 million in weekly inflows. This is approximately 95% of the global total of $882 million.

Germany maintained its position as the second-largest market for crypto funds, with $44.5 million in weekly inflows. This is consistent with its month-to-date figure of $44 million. Australia followed with $10.2 million in weekly inflows, while the “Other” category contributed $12.1 million.

Not all markets showed positive investment trends. Canada experienced outflows of $8 million. It has continued its negative trend with month-to-date outflows of $12.2 million despite maintaining strong year-to-date inflows of $143.9 million. Hong Kong similarly saw outflows of $4.3 million for both the week and month-to-date periods.

Investment flow by exchange country | Source: CoinShares

Sweden recorded the largest percentage of outflows relative to its market size, with $12 million leaving the market last week. This continues a broader trend, as Sweden has experienced $13.2 million in month-to-date outflows and a substantial $725.3 million in year-to-date outflows.

Switzerland showed minimal activity, with just $0.2 million in weekly inflows. However, its month-to-date figure stands at $11.1 million. Switzerland’s year-to-date figure remains negative at -$244.7 million despite its substantial $5,870.3 million in assets under management.

Bitcoin dominates as US ETFs reach new milestone

Bitcoin accounted for $867 million of the $882 million total weekly inflows. The percentage of this share equates to nearly 98% of total cryptocurrency investment for the week. The report notes that US-listed Bitcoin ETFs have drawn in net inflows totaling $62.9 billion since January 2024, when they first traded. The achievement occurs as Bitcoin’s total assets under management across all investment products reach $146.2 billion.

Investment flow by exchange country | Source: CoinShares

Bitcoin’s month-to-date inflows stand at $1.95 billion, and its year-to-date amount is $6.65 billion. CoinShares attributes the large inflows to complex reasons. This includes “a global expansion of M2 money supply and several US states making Bitcoin a strategic reserve asset.”

SUI outperforms XRP as an altcoin investment

Sui has recorded $11.7 million in inflows for the week. Not only does this figure make Sui the second most popular crypto asset for the period, but it also places it well ahead of more recognized cryptocurrencies in investor demand.

The performance of the week is remarkable compared to the performance of other leading altcoins. Ethereum, being the second-largest cryptocurrency by market capitalization and recent price appreciation, recorded just $2 million in inflows for the week. XRP recorded just a $1.44 million flow in the same week.

On a year-to-date basis, Sui has now amassed $84.07 million in inflows. It surpassed Solana’s $76.37 million. This positioning shift follows Solana experiencing $3.38 million in outflows for the week and $2.89 million in outflows month-to-date.

Sui’s assets under management now total $329.56 million. Other altcoins like Cardano ($0.8 million), Litecoin ($0.25 million), and multi-asset products ($0.55 million) were small inflows, but none even came near Sui’s weekly performance.

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