Digital Asset Investment Products Hit A New Record Inflow Of $2.7 Billion

Key Points:

• Digital asset investment products achieved a record weekly inflow of $2.7 billion, nearing the total for all of 2021.
• Bitcoin dominated investor interest with $2.6 billion in inflows, while Solana attracted $24 million despite recent volatility.
• Ethereum saw minor outflows, while other assets like Polkadot and Chainlink experienced notable inflows, reflecting ongoing investor confidence amid market fluctuations.

Digital asset investment products witnessed a surge in weekly inflows, setting a new record at $2.7 billion, according to the latest weekly report from CoinShares.

Record Inflows: Digital Asset Investment Products Surge

This impressive figure brings the year-to-date inflow to $10.3 billion, nearly matching the total inflows for the entire year of 2021, which stood at $10.6 billion.

Bitcoin remains a focal point for investors, with last week’s net inflows reaching $2.6 billion, constituting 14% of the total assets under management (AuM) to date. Despite recent market fluctuations, Solana also attracted significant attention, with inflows totaling $24 million last week.

The United States led in terms of regional inflows, with a substantial $2.8 billion influx, followed by Switzerland and Brazil with inflows of $21 million and $18 million, respectively. However, profit-taking was observed in some regions, with Canada, Germany, and Switzerland experiencing outflows of $35 million, $77 million, and $39 million, respectively.

Ethereum Outflows, Other Assets Inflow

Other digital assets also saw notable inflows, including Polkadot, Fantom, Chainlink, and Uniswap, with inflows of $2.7 million, $2 million, $2 million, and $1.6 million, respectively. Ethereum, while still strong on year-to-date inflows, experienced minor outflows of $2.1 million last week.

Meanwhile, blockchain equities experienced minor outflows totaling $2.5 million during the same period.

The robust inflows into digital asset investment products indicate continued confidence and interest from investors, despite ongoing market volatility and fluctuations in sentiment. Bitcoin is currently hitting new highs, with its price having surpassed $72,000.