Digital Asset Market Inflows Hit Record $2.45 Billion
The digital asset market witnessed an unprecedented surge in investment, with a record-breaking weekly inflow of $2.45 billion, bringing the year-to-date total to an impressive $5.2 billion.
U.S. Dominates
The United States emerged as a dominant force, capturing 99% of the total inflows, amounting to $2.4 billion. This surge indicates a notable acceleration in net inflows distributed across various providers, signaling a growing interest in spot-based ETFs. Simultaneously, outflows from established players decreased significantly. Germany and Switzerland experienced modest inflows, while Sweden saw outflows.
Asset-Specific Highlights
The financial data table from CoinShares breaks down the flow of funds across various cryptocurrencies, their investment providers and assets.
Bitcoin took centre stage, securing over 99% of the inflows, totalling $2.42 billion. Ethereum also enjoyed investor confidence, witnessing $21 million in inflows.
Grayscale Investments, iShares ETFs, and Fidelity ETFs led the provider-wise flows, while Bitcoin dominated the asset-wise flows with $2.42 billion. Ethereum, Multi-asset, and Solana also featured prominently.
Summarising the report …
CoinShares’ weekly report has highlighted the substantial inflows in digital asset investment and provided a clear, distinct view of investor behavior, regional trends, and asset-specific preferences.
Points of Interest
The report also breaks down the flows by different crypto assets. Weekly flows across various assets reached 2,451.9 US$m, MTD flows at 3,670.4 US$m, YTD flows at 5,157 US$m, and the cumulative AUM soared to 67,058 US$m.