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Digital Asset Investment Products Saw The Largest Weekly Inflow With $3.12B

Key Points:

Digital asset investment products saw a historic weekly inflow of $3.13 billion, pushing YTD inflows to $37 billion, driven primarily by Bitcoin.
Solana outpaced Ethereum with $16 million in weekly inflows, while XRP, Litecoin, and Chainlink also attracted significant investments.

Digital asset investment products recorded their largest weekly inflows on record, totalling $3.13 billion.

Digital Asset Investment Products Reach Record $3.13 Billion Weekly Inflows

The surge now brings the total inflows of digital asset investment products since mid-September, a period when the U.S. initiated interest rate cuts, to $15.2 billion. Overall, year-to-date inflows have reached a record $37 billion, driven mostly by Bitcoin and beating U.S. gold ETFs’ first-year performance of $309 million.

The U.S. market accounted for the lion’s share, with inflows reaching $3.2 billion, thereby offsetting outflows from Germany, Sweden, and Switzerland, which were dominated by profit-taking after recent price highs. These countries saw outflows of $40 million, $84 million, and $17 million, respectively.

Meanwhile, Australia, Canada, and Hong Kong were positive at $9 million, $31 million, and $30 million in inflows, respectively.

Altcoins Shine as Bitcoin Dominates Investments

Bitcoin was the leader, with flows of $3 billion. The increasing price of bitcoin did encourage short-Bitcoin investment products, which for the week saw inflows of $10 million and for the month flows of $58 million, the strongest since August 2022.

Meanwhile, Solana was head and shoulders above Ethereum last week, with inflows of $16 million compared to $2.8 million for the latter. On a YTD basis, however, Solana remains significantly behind. Lastly, some other altcoins also saw weighty investments: XRP gathered $15 million, Litecoin accumulated $4.1 million, and Chainlink pulled in $1.3 million.

Multi-asset investment products continued to suffer this week, with outflows totaling $10.5 million, marking the second consecutive week of outflows.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.