CoinShares reports digital asset fund flows surged to $3.7 billion last week, the second-highest total on record.

Crypto Funds See $3.7B Weekly Inflow — Second-Largest on Record, Says CoinShares

Digital asset investment products saw $3.7 billion in inflows last week, making it the second-biggest weekly total ever, according to CoinShares.

The record still stands from early December 2024, when weekly inflows topped $4 billion. This past week marks the 13th straight week of positive inflows, pushing total assets under management in crypto funds to an all-time high of $211 billion.

Most of the capital came from the United States, with $3.74 billion flowing into U.S.-based products. Meanwhile, Germany and Sweden saw outflows of $85.7 million and $15.7 million, respectively.

Bitcoin-focused funds led the charge, raking in $2.7 billion in inflows. Bitcoin fund AUM has now hit $179.5 billion, about 54% the size of all gold-backed ETPs combined.

The surge coincided with Bitcoin’s rally past $118,000 during the week ending July 11 — and that momentum has continued into this week, with BTC recently topping $122,873, per CoinDesk data.