Digital Asset Fund Inflows Reach $1.35 Billion Amid Positive Market Sentiment

Digital
asset
investment
products
experienced
significant
inflows
amounting
to
$1.35
billion
last
week,
indicating
sustained
positive
market
sentiment,
according
to

CoinShares.
This
brings
the
three-week
total
of
inflows
to
an
impressive
$3.2
billion.

Bitcoin
Leads
Inflows

Bitcoin
(BTC)
dominated
the
inflows,
attracting
$1.27
billion.
In
contrast,
short-Bitcoin
exchange-traded
products
(ETPs)
saw
outflows
of
$1.9
million,
contributing
to
a
cumulative
outflow
of
$44
million
since
March.
This
trend
underscores
robust
optimism
surrounding
Bitcoin,
especially
following
the
April
halving
event.

Ethereum
and
Altcoins
Performance

Ethereum
(ETH)
also
demonstrated
a
positive
trajectory
with
$45
million
in
inflows
last
week.
This
positions
Ethereum
as
the
altcoin
with
the
highest
year-to-date
(YTD)
inflows
at
$103
million,
surpassing
Solana
(SOL),
which
recorded
$9.6
million
in
inflows
last
week
and
$71
million
YTD.
Litecoin
(LTC)
was
the
only
other
altcoin
to
see
notable
inflows,
amounting
to
$2.2
million.

Regional
Inflows
and
Outflows

Regionally,
the
United
States
and
Switzerland
led
with
substantial
inflows
of
$1.3
billion
and
$66
million,
respectively.
However,
Brazil
and
Hong
Kong
experienced
minor
outflows
totaling
$5.2
million
and
$1.9
million,
respectively.

ETP
Trading
Volumes

ETP
trading
volumes
surged
by
45%
week-on-week
to
$12.9
billion,
though
they
represented
a
lower-than-usual
22%
of
the
broader
crypto
market
volumes.

Blockchain
Equities
Struggle

While
digital
asset
tokens
enjoyed
positive
inflows,
blockchain
equities
faced
a
challenging
week
with
outflows
of
$8.5
million.
This
is
despite
most
blockchain
equity
ETFs
outperforming
global
equity
indices.

To
access
the
full
research,
click

here.

Image
source:
Shutterstock