Crypto investment products offered by asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares registered their fourth week of consecutive inflows, adding $598 million globally last week, according to CoinShares.

Year-to-date inflows have now exceeded $5.7 billion — led by the new spot Bitcoin exchange-traded funds in the United States — accounting for more than 50% of the record inflows generated in the whole of 2021, CoinShares Head of Research James Butterfill wrote.

Total assets under management in the funds hit a peak of $68.3 billion during the week, though this remains more than 20% below the all-time high set in November 2021, Butterfill added — mirroring Bitcoin’s price action during the period.