One of the new spot bitcoin ETPs is still on top as industry inflows returned this week, according to the latest data from the LSEG Lipper team.

Laurence D. "Larry" Fink BlackRock Chairman, CEO

In the U.S. Weekly FundFlows Insight report for the week ending February 28, 2024 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $47.4 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in three weeks, up week-over-week from $11.6 billion in net outflows. Long-term (i.e. non-money-market) funds brought in $4.7 billion in net inflows this week, up from $2 billion in net outflows last week.

Money market funds took the lead this week with $42.7 billion in net inflows, their first week of inflows in four, up W/W from $9.6 billion in net outflows. Other winners this week included: taxable fixed income funds, $3 billion in net inflows; equity funds, $2.5 billion in net inflows (up W/W from $3.5 billion in net outflows); alternative funds, $221 million in net inflows (up W/W from $59 million); and tax-exempt fixed income funds, $72 million in net inflows.

On the flip side, commodities funds suffered $569 million in net outflows this week, up W/W from $501 million. And mixed-assets funds suffered $$500 million in net outflows this week, down W/W from $685 million.

Equity ETFs brought in $9.5 billion in net inflows this week. It was their second week of inflows in the last three weeks, up W/W from $1.5 billon in net outflows.

This week's biggest equity ETF winner was Invesco Trust Series 1 (QQQ). The fund brought in $2.9 billion in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $7 billion in net outflows. It was their 107th week of outflows in a row, up W/W from $2 billion.

Taxable fixed income ETFs brought in $2.5 billion in net inflows this week. It was their 10th consecutive week of inflows, up W/W from $476MM.

This week's biggest taxable fixed income ETF winner, for the third week in a row, was BlackRock's iShares Bitcoin Trust (IBIT). The fund brought in $1.1 billion in net inflows, up W/W from $899 million.

IBIT accounted for 69 percent of the $1.6 billion that net flowed into the 10 spot bitcoin ETPs this week. It was the group's sixth consecutive week of inflows, since their debut earlier this year. (The LSEG Lipper team specifically categorizes this new spot bitcoin ETP, and perhaps others like it, with "alternative currency strategies ETFs.")

Conventional taxable fixed income funds brought in $500 million in net inflows this week. It was their ninth week of inflows in a row, down W/W from $2.1 billion.

Municipal bond ETFs brought in $350 million in net inflows this week. It was their first back-to-back inflows week of 2024, up W/W from $102.5 million.

Conventional muni bond funds suffered $278 million in net outflows this week. It was their second week of outflows this year, up W/W from $107 million. 

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