Investors Put Less Money Into Crypto Funds Last Week as Bitcoin Market Stagnated

Last week's drop in crypto investment inflows to a fourth of the prior week's pace came as prices retreated in prices for bitcoin and other digital assets.

AccessTimeIconMar 9, 2021 at 5:19 p.m. UTC
Updated Mar 6, 2023 at 3:29 p.m. UTC

Inflows to crypto asset funds fell last week to the lowest since early this year, just as bitcoin, ether and other cryptocurrencies retreated from all-time high price levels, according to CoinShares.

  • Inflows dropped to $108 million during the week ended March 5, the lowest since early January, and down from about $400 million the prior week.
  • Bitcoin-focused products accounted for 90% of crypto fund inflows last week, with minor inflows to Ethereum and Polkadot investment products, according to CoinShares.
  • Despite a quiet week, net flows so far this quarter – just two-thirds of the way through the three-month period – have already matched the total for Q4 2020.
  • Investment products now represent 7% of bitcoin trading volumes in 2021 compared with 4% in 2020, according to CoinShares.
  • According to a separate report by CryptoCompare, digital assets under management for exchange-traded products (ETPs) doubled to $43.9 billion in February, with a majority of assets residing in Grayscale's Bitcoin Trust (GBTC).
  • Last week, CoinShares launched a physically backed Ethereum ETP on the Swiss SIX exchange under the ticker "ETHE."


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.