Recent analysis reveals that digital asset funds experienced inflows of $2.7 billion last week, marking the 11th consecutive week of gains.
Current State of Crypto Asset Inflows
According to CoinShares, inflows into cryptocurrency funds last week were $2.7 billion, raising the total attracted funds to $16.9 billion. This trend echoes the situation in 2024, when funds attracted $18.3 billion by the end of June.
Bitcoin and Other Crypto Performance
Bitcoin led the inflows, capturing 83% of the total with $2.2 billion. Meanwhile, Ethereum attracted $429 million and XRP saw $10.6 million inflows. Solana recorded $5.3 million, and Sui drew $1.4 million. Short Bitcoin products witnessed outflows of $2.9 million, indicating positive sentiment around Bitcoin.
Regional Trends in Inflows
The US was the primary source of inflows last week, accounting for $2.65 billion. Switzerland and Germany displayed modest inflows of $23 million and $19.8 million, respectively. Conversely, Sweden, Canada, Brazil, and Hong Kong experienced outflows totaling several million dollars.
In conclusion, the overall trend in crypto asset funds continues to show stable growth, with Bitcoin maintaining its leading position among assets.
