Key Points:
- Digital asset investment products attracted $1.9 billion last week, with Bitcoin leading at $1.6 billion, bringing YTD inflows to $4.8 billion.
- Ethereum saw a strong rebound with $205 million in inflows, while XRP, Solana, Chainlink, and Polkadot also drew significant investments.
Digital asset investment products saw substantial inflows of $1.9 billion last week, according to the latest data from CoinShares, bringing year-to-date (YTD) inflows to $4.8 billion.
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Digital Asset Investment Product Inflows Hit $1.9 Billion
The surge comes in the wake of a U.S. presidential executive order proposing Bitcoin as a strategic reserve asset, which has bolstered market sentiment globally.
Bitcoin remained the dominant asset, accounting for $1.6 billion of last week’s inflows and 92% of YTD inflows, which now total $4.4 billion. Short Bitcoin ETFs also regained attention, seeing inflows of $5.1 million as Bitcoin prices hit new highs before the presidential inauguration.
The altcoin market showed resilience, with Ethereum rebounding strongly to attract $205 million in inflows. XRP followed with $18.5 million, while smaller digital assets such as Solana, Chainlink, and Polkadot also drew investor interest, recording inflows of $6.9 million, $6.6 million, and $2.6 million, respectively.
U.S. Leads Global Digital Asset Inflows Following Strategic Bitcoin Announcement
Regionally, the U.S. led the inflows with $1.7 billion, followed by notable contributions from Canada ($31 million), Switzerland ($35 million), and Germany ($23 million).
Overall, no digital asset investment products experienced outflows last week despite some price fluctuations. Total trading volume reached $25 billion, representing 37% of the total activity on trusted cryptocurrency exchanges.
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