Crypto investment product market reaches YTD net inflow

by Arthur · April 11, 2023

The market for crypto investment products recorded $57 million in inflows during the week of April 3, according to CoinShares’ report.

This influx put the market for crypto investment products in a net inflow position so far this year, as the CoinShares report noted.

Until the week of March 20, the market for crypto investment products has recorded outflows for six straight weeks. The total losses during this time were 408 million dollars.

The biggest outflow during those six weeks was recorded in the week of March 6, when the market lost $255 million, which was 1% of the market at the time.

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Flows by asset

Bitcoin (BTC)-based investment products accounted for almost all the inflows recorded during the week. Of the total $57 million inflows, BTC products saw $56 million inflows.

Ethereum (ETH)-based products contributed the second largest amount, bringing in $600,000. Ripple (XRP) and Polygon (MATIC) also contributed $200,000 each.

Meanwhile, short-BTC-based and multi-asset products recorded outflows worth $600,000 and $400,000, respectively.

Streams by provider

When flows are categorized by provider, ProShares emerges as the organization that recorded the most significant inflow at $25.3 million – accounting for over 44% of the total amount.

21Shares followed ProShares as the second largest contributor to inflows with $11.8 million. Although CoinShares Physical recorded $1.1 million in inflows, CoinShares XBT saw $1.2 million in outflows – bringing CoinShares’ final score to $100,000 in outflows.

Meanwhile, Purpose and CI Investments recorded $900,000 and $100,000 in inflows – while 3Qi saw $100,000 in outflows.

The US is leading the way

According to the figures, the US is responsible for adding $26.8 million in inflows – accounting for nearly 50% of the total.

Germany and Switzerland followed the US by contributing the second and third most significant shares of the supply with $16.6 million and $12.8 million respectively. Canada also contributed $2.2 million in inflows as the fourth in the series.

Meanwhile, Sweden and Brazil recorded $1.2 million and $300,000 respectively in outflows.

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