After $16 million in outflows the previous week, crypto fund offerings bounced back with $103 million in inflows in the week ending Dec. 22.
Cryptocurrency investment products saw inflows totaling $103 million in the week ending Dec. 22, reversing the $16 million in outflows the previous week, according to CoinShares. Crypto exchange-traded products (ETPs) have now experienced 12 weekly inflows over the past 13 weeks.
Bitcoin (BTC) funds saw the largest inflows for any cryptocurrency, with over $87.6 million, representing 85% of the total. Ether (ETH) was a distant second, posting $7.9 million in inflows. Litecoin (LTC) and Avalanche (AVAX) ETPs bucked the overall trend, posting net outflows of $400,000 and $2.6 million, respectively.
When viewed by region, Germany saw the largest inflows of any country at just over 40% of the total. Canada saw the second-largest, representing 25% of the total. Twenty percent came from the United States and nearly 15% from Switzerland.
