Inflows into crypto investment products jumped above $1 billion last week as the long-awaited US spot bitcoin ETFs hit the market. The mark, however, was not a record. 

Crypto investment product inflows hit nearly $1.2 billion last week, a Tuesday CoinShares report found — up from about $150 million the week before. The total amounts to more than half the $2.2 billion of crypto product inflows seen during all of 2023. 

Last week’s $1.2 billion showing did not break all-time highs though, as the October 2021 week when ProShares’ Bitcoin Strategy ETF (BITO) launched saw roughly $1.5 billion in crypto inflows.

Read more: Bitcoin ETF Tracker

Net outflows from Grayscale’s Bitcoin…

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