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$27 billion crypto inflows in 2024, $901 million last week amid US political backdrop

  • Crypto investment products saw inflows of $901 million in the last week and have reached $27 billion year-to-date, nearly tripling the previous record from 2021.
  • Bitcoin attracted the majority of inflows, driven by demand for BlackRock's spot BTC ETFs, while short-Bitcoin products saw a slight outflow.
  • US politics, particularly the improved polling numbers of Republicans, are shaping Bitcoin flows and prices.
  • Ethereum experienced outflows of $35 million last week, while Solana and Litecoin saw inflows of $10.8 million and $1.8 million respectively.

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