Bitcoin

Crypto funds gain $572M for the week as Trump approves 401(k) investments in crypto

Crypto fund inflows rebounded to $572 million following President Trump’s approval, granting 401(k)s access to invest in cryptocurrencies.

CoinShares’ reports of early-week outflows of $1 billion reversed after the government’s approval of digital assets in retirement plans. Ethereum led with $268 million inflows while Bitcoin added $260 million. However, total weekly volumes declined 23% during a quieter summer trading period.

Provider flows show mixed results across fund managers

iShares ETFs dominated weekly inflows with $294 million while maintaining strong monthly performance at $292 million. The provider leads year-to-date flows with $26.9 billion and holds $98.9 billion in assets under management. iShares continues to hold the largest market share among crypto fund providers.

Grayscale Investments faced continued outflows, with $87 million leaving during the week. Monthly outflows reached $99 million while year-to-date outflows total $1.5 billion despite holding $35.4 billion in AUM. The provider struggles with investor redemptions across multiple time frames.

Fidelity Wise Origin Bitcoin Fund posted negative flows of $55 million weekly and $387 million monthly. However, the fund maintains positive year-to-date inflows of $316 million with $25.5 billion in total assets.

Bitwise Funds Trust recorded $95 million in weekly inflows and $18 million monthly. Year-to-date flows reach $198 million with $5.4 billion under management. ARK 21Shares faced outflows of $6 million weekly and $334 million monthly despite holding $5.3 billion in assets.

ProShares ETFs attracted $35 million weekly and $61 million monthly with $737 million in year-to-date inflows. Other providers contributed $151 million in weekly flows while CoinShares XBT Provider experienced $16 million in outflows.

Bitcoin and Ethereum lead asset allocation recovery

Bitcoin brought in $265 million in weekly inflows. This is after it faced consecutive weeks of outflows previously. Monthly flows remain negative at $571 million, but year-to-date inflows total $20.5 billion. BTC maintains $179.3 billion in assets under management across all providers.

Ethereum posted the strongest weekly performance with $269.8 million in inflows during the period. Monthly inflows reached $95.4 million while year-to-date flows hit a record $8.2 billion. Total Ethereum fund assets now stand at $31.9 billion, showing strong institutional demand.

Flows by asset: CoinShares

Multi-asset funds experienced minor outflows of $3 million weekly and $3.2 million monthly. Year-to-date inflows remain positive at $115 million, with $7.8 billion in total assets.

Altcoin funds showed mixed performance across different tokens during the reporting period. XRP funds gained $18.4 million for the week and $22.1 million for the month. The coin also saw $1.1 billion in year-to-date flows.

Solana attracted $21.6 million in the latest week and $22.7 million for the month, totaling $874 million year-to-date.

Smaller altcoin funds posted modest gains, with Sui experiencing $3 million in weekly outflows. Litecoin funds added $0.1 million while Cardano attracted $1.5 million during the week.

Chainlink and Stellar funds each gained less than $1 million in weekly inflows. Other altcoin funds contributed $6.3 million collectively to total weekly flows.

Regional flows show US dominance while Europe faces outflows

The United States dominated the world in crypto fund inflows of $608 million per week for this period. Monthly flows dropped to negative $361 million, yet year-to-date inflows are robust at $29 billion. US funds have assets under management of $162.4 billion.

Canada showed $16.5 million weekly and $15.9 million monthly investments. Year-to-date flows stand at $356 million with $7.2 billion AUM. The Canadian market still shows consistent institutional adoption trends.

Crypto fund inflows rebound to $572M following Trump’s 401(k) crypto greenlight
Flows by country: CoinShares

Last week, European markets saw outflows in several countries. Germany had the highest outflows, with $33.5 million weekly and $67.8 million monthly, even though it maintains $1.1 billion in inflows year-to-date.

Sweden posted $16.5 million weekly and $22.6 million monthly outflows. Year-to-date flows are still in the negative at $340 million with $4.1 billion assets under management. Switzerland recorded weekly inflows of $1.1 million.

Other regions like Australia, Brazil, and Hong Kong experienced a mixed performance during the period. Australia recorded $7.9 million weekly, and Brazil recorded $2.5 million of weekly outflows. Hong Kong recorded $1.4 million of weekly inflows with no year-to-date impact. The rest of the regions have a combined $35.2 billion of crypto fund assets.

The smartest crypto minds already read our newsletter. Want in? Join them.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button