Digital asset investment products pulled in $3.7 billion over the past week, reaching their second-highest inflow level ever, says CoinShares.

Digital Asset Funds See $3.7B Weekly Inflow, Nearing Record Highs, CoinShares Reports

Digital asset investment products recorded a remarkable $3.7 billion in inflows last week, representing the second-largest weekly inflow ever, according to the latest data from CoinShares.

The only larger weekly haul occurred during the week ending December 6, 2024, when inflows surpassed $4 billion. Last week’s performance marks the 13th consecutive week of positive flows, pushing total assets under management (AUM) for crypto funds to an unprecedented $211 billion.

The inflows were largely driven by U.S.-listed funds, which absorbed nearly $3.74 billion. Meanwhile, European markets saw modest outflows, with Germany shedding $85.7 million and Sweden losing $15.7 million.

Bitcoin investment products dominated the landscape, attracting $2.7 billion in fresh capital. Total AUM for bitcoin funds now stands at $179.5 billion, equating to roughly 54% of the assets held in gold-backed exchange-traded products (ETPs).

The investment surge accompanied bitcoin’s significant price rally. The cryptocurrency climbed almost 10% during the week ending July 11 and has continued its upward momentum, recently trading at $122,873, according to data from CoinDesk.