Digital Asset Investment Products Saw 3 Consecutive Weeks of Inflows

Key Points:

• Last week saw $1.35 billion in inflows into digital asset investment products, extending a three-week streak of $3.2 billion in inflows.
• Bitcoin saw $1.27 billion in inflows, while Ethereum rebounded with $45 million.
• Significant inflows in the U.S. and Switzerland, but blockchain equities faced $8.5 million in outflows.

Digital asset investment products experienced a significant uptick last week, with inflows reaching $1.35 billion.

Read more: Record Inflows Propel Digital Asset Investment Products to New Heights

Digital Asset Investment Products Inflow Hits $1.35 Billion in a Week

The surge in digital asset investment products marks a continuation of the recent trend with the total inflows over the past three weeks to $3.2 billion. Trading volumes for Exchange-Traded Products (ETPs) also saw a notable increase, rising 45% week-over-week to $12.9 billion. However, this still represents a modest 22% of the broader cryptocurrency market’s trading volumes.

Regionally, the inflow picture was mixed. The United States and Switzerland led with substantial inflows of $1.3 billion and $66 million, respectively. In contrast, Brazil and Hong Kong experienced minor outflows, totaling $5.2 million and $1.9 million, respectively.

Bitcoin and Ethereum Lead the Surge in Investments

Bitcoin saw a major influx of $1.27 billion last week. However, short-bitcoin ETPs continued to experience outflows of $1.9 million, accumulating a total of $44 million in outflows since March. This indicates a significant 56% of assets under management (AuM), reflecting sustained positive sentiment following the April halving event.

Ethereum demonstrated a promising turnaround with $45 million in inflows last week, surpassing Solana in year-to-date inflows at $103 million. Solana, which received $9.6 million in inflows last week, now trails behind Ethereum with $71 million in year-to-date inflows. Litecoin was the only other altcoin to record significant inflows, totaling $2.2 million.

In contrast, blockchain equities faced a decline, with outflows amounting to $8.5 million last week, despite many ETFs outperforming global equity indices.