Last week, the cryptocurrency investment sector witnessed an unprecedented surge, with digital asset investment products attracting $3.85 billion in inflows.
Year-to-Date Growth and Record Highs
According to CoinShares report, the inflow of $3.85 billion during December 2–6 brought the year-to-date inflows to $41 billion. Total assets under management (AUM) in digital asset investment products reached a new high of $165 billion, surpassing the 2021 peak of $83 billion. Bitcoin-focused products attracted $2.5 billion, bringing its YTD inflows to a record $36.5 billion. Ethereum also saw its largest weekly inflow of $1.2 billion.
Regional Inflows: US Dominates
The United States led with $3.6 billion out of the $3.85 billion inflow for the week. Other notable contributions came from Switzerland ($160 million), Germany ($116 million), Canada ($14 million), and Australia ($10 million). Bitcoin surpassed $100k for the first time, indicating increased market optimism.
Impact on Blockchain and Other Digital Assets
The surge in investor interest also boosted blockchain equities, which saw $124 million in inflows, the highest since January. This is largely due to improved margins for Bitcoin miners. However, Solana saw outflows of $14 million for the second consecutive week.
The digital asset investment sector continues to experience significant growth, marked by record inflows and increased assets under management.
