Digital asset funds continued their streak of capital inflows, reaching $1.24 billion. Cumulative inflows have hit $15.1 billion over the last ten weeks.
Capital Inflow Data
Bitcoin, despite recent market corrections, saw $1.1 billion in inflows for the second consecutive week, indicating investor confidence in buying the dip. Ethereum also maintained its momentum, logging an additional $124 million in its ninth consecutive week of inflows.
Market and Trading Activity
Trading activity cooled toward the end of the week, likely influenced by the Juneteenth observance in the US and escalating American involvement in tensions with Iran, according to CoinShares.
Regional and Product Discrepancies
Multi-asset products recorded outflows of $5.8 million, with Sui witnessing a $0.5 million outflow. The US led regional inflows with $1.25 billion.
This influx of funds in the digital asset market reflects a high level of investor confidence amid current market volatility and geopolitical factors.
