Last week saw digital asset investments reach $3.7 billion, marking the second-largest inflow on record. This overview highlights key market events.
Investments in Bitcoin and Ethereum
According to the latest ‘Digital Asset Fund Flows Weekly Report’ from CoinShares, Bitcoin saw inflows of $2.7 billion, raising total assets under management to $179.5 billion, which now accounts for 54% of assets held in gold. Ethereum also exhibited strong performance with inflows of $990 million over 12 consecutive weeks, equivalent to 19.5% of its assets under management.
Regional Capital Flows
The largest capital flows came from the United States, totaling $3.7 billion, followed by Switzerland and Canada with $65.8 million and $17.1 million, respectively. Germany recorded the largest outflows totaling $85.7 million, followed by Sweden and Brazil.
No Signs of Market Fatigue
Analysis from QCP Capital indicates that Bitcoin's recent rally shows no signs of slowing. The Fear and Greed Index among investors skyrocketed from 40 to 70. Indicators of long positions showcase significant institutional interest; however, QCP advises caution amidst heightened volatility.
The digital asset market exhibits impressive investment volumes and increasing buyer interest, yet investors are urged to remain cautious given the current volatility and market conditions.
