Investment products based on digital assets attracted a whopping $2.9 billion in the week from March 11 to March 15, as per a report from CoinShares. This surge in capital inflows surpassed the previous record of $2.7 billion. Year-to-date inflows now stand at $13.2 billion, surpassing the total inflows of $10.6 billion seen in 2021.

Trading volumes for the week hit $43 billion, setting a new record and accounting for over 47% of the total global volumes of Bitcoin (BTC). Blockchain shares also saw an inflow of $19 million after six weeks of outflows.

Global ETPs crossed the $100 billion mark for the first time during the week before settling at $97 billion due to a price correction. Bitcoin inflows totaled $2.86 billion last week, representing 97% of all year-to-date inflows. On the other hand, short Bitcoin inflows for the year reached $26 million for the fifth consecutive week. Meanwhile, leading altcoins like Ethereum (ETH), Solana (SOL), and Polygon (MATIC) experienced capital outflows of $14 million, $2.7 million, and $6.8 million, respectively.

In the previous week, from March 4 to March 8, 2024, capital inflows into crypto investment products soared to a record level of $2.7 billion. Over the past couple of months, total inflows amounted to $10.3 billion, surpassing the 2021 figure of $10.6 billion. Bitcoin played a significant role in driving this surge, accounting for $2.6 billion.

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