Record-Breaking Inflows Highlight Digital Asset Fund Trends

Digital
asset
investment
products
have
recorded
significant
inflows,
marking
the
fifth
largest
weekly
inflows
on
record,
totaling
$1.44
billion,
according
to
CoinShares.
These
inflows
bring
the
year-to-date
(YTD)
total
to
a
record
$17.8
billion,
surpassing
the
previous
high
of
$10.6
billion
set
in
2021.

Bitcoin
and
Ethereum
Lead
Inflows

Bitcoin
(BTC)
was
at
the
forefront,
with
inflows
amounting
to
$1.35
billion,
making
it
the
fifth-largest
weekly
inflow
on
record
for
the
cryptocurrency.
Conversely,
short-bitcoin
products
experienced
significant
outflows,
the
largest
since
April,
totaling
$8.6
million.
This
trend
is
attributed
to
price
weakness
due
to
the
German
Government’s
bitcoin
sales
and
a
shift
in
sentiment
following
lower-than-expected
CPI
figures
in
the
United
States.

Ethereum
(ETH)
also
saw
substantial
inflows
of
$72
million
last
week,
the
largest
since
March.
This
surge
is
likely
driven
by
anticipation
of
the
imminent
approval
of
a
spot-based
ETF
in
the
United
States.

Regional
and
Altcoin
Insights

Regionally,
the
United
States
led
with
$1.3
billion
in
inflows
for
the
week.
Noteworthy
contributions
also
came
from
Switzerland,
Hong
Kong,
and
Canada,
with
inflows
of
$58
million,
$55
million,
and
$24
million
respectively.
Switzerland’s
inflows
marked
a
record
for
the
year.

Other
altcoins
also
saw
positive
inflows.
Solana
(SOL)
received
$4.4
million,
Avalanche
(AVAX)
$2
million,
and
Chainlink
(LINK)
$1.3
million,
highlighting
a
broad
interest
in
diverse
digital
assets.

Despite
the
significant
inflows,
volumes
remained
relatively
low
at
$8.9
billion
for
the
week,
compared
to
the
seven-day
average
of
$21
billion
for
the
year.
This
indicates
a
cautious
yet
optimistic
approach
among
investors
towards
digital
assets.

For
further
details
on
the
report,
visit

CoinShares.

Image
source:
Shutterstock