Digital Asset investment product Inflows Surge to $1.9B as Bitcoin’s Role Gains Momentum
Digital asset investment products saw significant inflows of $1.9 billion last week, pushing year-to-date (YTD) inflows to a total of $4.8 billion.
| Key Takeaways: – Digital asset investment products saw inflows of $1.9 billion last week, bringing YTD inflows to $4.8 billion, driven by positive U.S. executive orders on Bitcoin. – Bitcoin dominated with $1.6 billion in inflows, while Ethereum and XRP also saw notable gains. No digital asset products experienced outflows. |
The surge is likely driven by recent U.S. presidential executive orders proposing the creation of a strategic reserve asset in Bitcoin. Despite a relatively flat price action for Bitcoin last week, trading volumes remained high, reaching $25 billion, which accounted for 37% of total trading volume across trusted crypto exchanges.
In the U.S., digital assets recorded $1.7 billion in inflows, with positive sentiment boosted by the executive orders. Other regions also saw notable inflows, with Canada seeing $31 million, Switzerland $35 million, and Germany $23 million.
Bitcoin remained the dominant asset, capturing the lion’s share of inflows at $1.6 billion, bringing its YTD total to $4.4 billion, or 92% of all digital asset inflows.
Ethereum showed signs of recovery with $205 million in inflows, while XRP saw a more modest $18.5 million. There were no outflows recorded for any digital asset investment products during the week.
Smaller digital asset investment products such as Solana, Chainlink, and Polkadot also attracted attention, with inflows of $6.9 million, $6.6 million, and $2.6 million, respectively.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
