Last week, digital asset investment products saw significant inflows of $1.04 billion, contributing to a streak of positive momentum and resulting in record assets under management.
Record Investment Inflows
Digital assets attracted $1.04 billion last week, part of a twelve-week streak of positive inflows, bringing the total to $18 billion and assets under management to a record $188 billion.
Ethereum Leads Inflows
According to the latest CoinShares report, Bitcoin investment products attracted $790 million in inflows, a slowdown compared to the previous three-week average. Ethereum, however, sustained its eleventh week of inflows with $226 million, increasing its total for this period to $2.85 billion.
Regional Investment Variations
The U.S. topped regional inflows last week with $1 billion, followed by Germany and Switzerland. Meanwhile, Canada and Sweden experienced outflows, indicating instability in investment sentiments in certain countries.
The rising inflows into digital assets and shifts in trends in the cryptocurrency market highlight growing investor interest, particularly towards Ethereum and other altcoins amid declining inflows into Bitcoin.
