Digital asset investment products have witnessed unprecedented weekly inflows, reaching a total of $2.45 billion.
This surge has propelled the year-to-date inflows to a remarkable $5.2 billion, significantly boosting the total assets under management (AuM) to $67 billion—the highest level observed since December 2021.
The United States has emerged as the clear leader in this influx, accounting for 99% of the total inflows, amounting to $2.4 billion. This indicates a substantial increase in net inflows across a variety of providers, underscoring a growing interest in spot-based Exchange Traded Funds (ETFs).
Meanwhile, the trend of outflows from incumbent players has seen a significant reduction. In contrast, other regions like Germany and Switzerland recorded modest inflows of $13 million and $1 million, respectively, whereas Sweden experienced outflows totaling $26 million.
Bitcoin captured over 99% of these inflows, although there was a noticeable interest in short-bitcoin positions, which attracted $5.8 million. Ethereum also saw a positive trend, with inflows amounting to $21 million.
On the other hand, recent downtime incidents with Solana have led to a slight dip in sentiment, resulting in $1.6 million in outflows. Notably, Avalanche, Chainlink, and Polygon each received inflows of $1 million, $0.9 million, and $0.9 million, respectively, highlighting a consistent interest in these assets throughout the year.
In the realm of blockchain equity ETFs, investors chose to secure profits, leading to outflows totaling $167 million last week.