After five weeks of continuous outflows, digital asset investment products attracted $644 million, indicating a change in market sentiment.
Recovery of the Digital Asset Market
Last week, digital assets attracted $644 million in new investments, leading to a 6.3% increase in assets under management from their March 10 low. Daily inflows throughout the week confirmed this trend change, breaking a 17-day outflow period.
Bitcoin Rise and Other Cryptocurrencies
Bitcoin was the main contributor to the recovery, attracting $724 million. Meanwhile, short-Bitcoin investments continued to decline for the third week, with a $7.1 million outflow. Ethereum witnessed $86 million in outflows, while tokens like Polkadot and Tron also saw losses. Conversely, XRP and Solana led with inflows of $6.7 million and $6.4 million, respectively.
Geographical Distribution of Investments
The United States accounted for the majority of growth with $632 million. Other countries like Switzerland and Germany also recorded inflows. Meanwhile, Sweden and Canada faced outflows of $10.3 million and $9.1 million, respectively.
The latest trends in the digital asset market suggest a renewed interest from investors, particularly in the Bitcoin segment.
