Digital Asset Investment Products Saw New Record Inflow

Key Points:

• Digital asset investment products saw record weekly inflows of $3.85 billion, pushing year-to-date inflows to $41 billion.
• Bitcoin led inflows with $2.5 billion, while Ethereum also saw a record $1.2 billion in inflows, outpacing previous milestones.

Digital asset investment products saw unparalleled growth last week, as inflows reached an unprecedented $3.85 billion.

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

Digital Asset Investment Products Hit Record Inflows of $3.85 Billion

The sharp growth of digital asset investment products exceeded the number of weeks of the previous record and pushed the 2024 total inflow so far up to $41 billion and the total AuM to another high of $165 billion. Comparing this to the prior cycle’s 2021 record when inflows had a peak of $10.6 billion and AuM reached $83 billion, this is substantially larger than at any time.

Of these figures, the U.S. was the highest, representing $3.6 billion in total inflows, followed by Switzerland, which took in $160 million; Germany, $116 million; Canada, $14 million; and Australia, $10 million. All of this indicates a growing interest around the globe in digital assets.

Bitcoin and Ethereum Drive Strong Growth

Bitcoin continued to lead the market, with inflows reaching $2.5 billion last week and a year-to-date total of $36.5 billion. However, short Bitcoin products saw only modest inflows of $6.2 million, suggesting investors are cautious despite the strong impetus in Bitcoin.

Ether also witnessed a huge attraction, with an inflow worth $1.2 billion in a single week, thus breaking the record and surpassing that of July ETF launches. On the opposite end, Solana saw outflows of $14 million, suffering its second week of consecutive decline.

The blockchain equities sector also continued to enjoy after inflows of $124 million, the largest since January and is expectedly boosted by improving margins for Bitcoin miners, increasing confidence from investors.