Bitcoin dominates the global Crypto Assets fund inflow of 882 million dollars per week, with Sui outperforming major altcoin products.

According to The Block, crypto investment products have achieved net inflows for the fourth consecutive week, totaling $882 million, due to the cumulative milestone reached by the US ETF, as reported by asset management firm CoinShares.

Despite Bitcoin funds capturing the majority of inflows, Sui's underlying products attracted $11.7 million in funding last week, outperforming major altcoins and surpassing Solana year-to-date.

According to data from CoinShares, the net inflow of crypto investment products operated by asset management companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares registered globally last week was $882 million.

This marks the fourth consecutive week of growth, with total inflows year-to-date now reaching $6.7 billion, close to the $7.3 billion peak reached in February. James Butterfill, Head of Research at CoinShares, stated in a report on Monday: "We believe that the sharp increase in prices and inflows is driven by multiple factors: the increase in global M2 money supply, stagflation risks in the U.S., and several U.S. states approving Bitcoin as a strategic reserve asset."

In the week when the price of Bitcoin rose to $105,000 and increased by more than 10%, the leading cryptocurrencies in the GMCI 30 index rose by 21.7%, bringing the total managed assets of the fund to $169.3 billion, once again approaching record levels.

Bitcoin dominates but Sui performs outstandingly

Last week, Bitcoin-based funds continued to dominate, with a net inflow of $867 million.

According to data compiled by The Block, net inflows for the US spot Bitcoin ETF exceeded $920 million, while net outflows from other regions reduced the global total.

The US market attracted a total net inflow of $840 million last week, with US-listed ETFs reaching a record cumulative total of $62.9 billion, surpassing the previous high of $61.6 billion in early February, Butterfill pointed out.

Cryptocurrency funds in Germany and Australia attracted net weekly inflows of $44.5 million and $10.2 million, respectively. However, digital asset investment products in Sweden, Canada, and Hong Kong experienced net outflows of $12 million, $8 million, and $4.3 million, respectively.

Despite Ethereum's significant price increase of 41.1% last week, the inflow of Ethereum investment products globally was only $1.5 million, mainly due to a large outflow from U.S. ETFs.

The Sui base fund performed outstandingly, bringing in $11.7 million in weekly inflow, while the outflow of Solana investment products was $3.4 million. Year-to-date, the total inflow of the Sui fund has reached $84 million, surpassing Solana's $76 million.