Digital Asset Inflows Surge 100% to $5.5 Billion in Three Weeks
1min read Digital asset investment products experienced a significant surge in inflows last week, marking the third consecutive week of positive inflows. According to the latest weekly report from CoinShares, the total inflows amounted to $2 billion, bringing the cumulative inflows over the past three weeks to $5.5 billion. This sustained inflow indicates a growing interest and confidence in digital assets among investors.
Bitcoin was the primary beneficiary of these inflows, attracting $1.8 billion. This substantial inflow into Bitcoin reflects its status as the leading digital asset and a preferred choice for many investors. However, the recent price increase also led to some bearish investors adding $6.4 million, suggesting a mixed sentiment among market participants.
Ethereum, the second-largest digital asset by market capitalization, saw stable inflows for the second consecutive week, totaling $149 million. This brings the total inflows for Ethereum over the past two weeks to $336 million, highlighting its growing appeal among investors. Additionally, Solana experienced a small inflow of $6 million, indicating some level of interest in alternative digital assets.
The consistent inflows into digital asset investment products over the past three weeks suggest a bullish trend in the market. Investors appear to be increasingly optimistic about the potential of digital assets, driven by factors such as technological advancements, regulatory clarity, and institutional adoption. The sustained interest in Bitcoin, Ethereum, and other digital assets underscores their role as viable investment options in the current financial landscape.
