Digital Asset Investment Products Receive $864 Million in 7-Day Inflows

Digital asset investment products are getting broader traction with massive inflows. Hence, over the past seven days, a cumulative $864 million has entered into the digital asset funds. As per the new weekly report shared by CoinShares, this development makes it the 3rd consecutive week of inflows, indicating a gradual return of investor confidence within the crypto market. Particularly, Ethereum ($ETH) and Bitcoin ($BTC) are leading these modest inflows.

$BTC and $ETH Dominate $864M Weekly Digital Asset Inflows

With the staggering inflows of up to $864M into the digital asset investment products over the past week, the market is witnessing a gradual recovery. Particularly, Bitcoin ($BTC) claimed the top position in these inflows, accounting for $522M in total over 7 days. In this respect, the investor confidence is clearly bouncing back. Particularly, short-Bitcoin investment products saw $1.8M in outflows, suggesting an easing in the bearish sentiment.

However, irrespective of this recovery, the flagship crypto asset remains comparatively laggard when it comes on a yearly basis, as the year-to-date inflows stand at $27.7B. However, during the same period, 2024 witnessed $41B in total. This gap reveals that despite the improvement in the sentiment, it has not yet completely regained its momentum.

Apart from that, Ethereum ($ETH) also showed solid performance, with $338M in 7-day inflows, raising its year-to-date inflows to $13.3B. This denotes a substantial 148% spike in comparison with the last year, underscoring the rising investor confidence in diverse Ethereum-based products. Additionally, the other altcoins indicated mixed results, including Chainlink’s $4.1M and Aave’s $5.9M. Specifically, Hyperliquid recorded huge outflows of up to $14.1M, presenting seldom risk-taking in the market.

United States, Germany, and Canada Lead Digital Asset Investment Inflows

According to CoinShares’ report, the last week’s digital asset fund inflows display a slow-paced recovery, with U.S. dominating this activity. The region solely accounted for a $796M of the cumulative inflows last week. Subsequently, Germany secured $68.6M while Canada and Hong Kong added $26.8M and $10M. Nevertheless, Switzerland emerged as the only region seeing net outflows that reached $41.4M. Overall, the respective data present a cautious optimism among the investors amid the slow resurging digital asset exposure.