- Digital asset investment funds recorded $1.04 billion in inflows last week, continuing a 12-week streak.
- Total assets under management across crypto funds surged to a record $188 billion.
- The United States led regional inflows with $1 billion, while Canada and Brazil saw notable outflows.
Investment funds into digital assets saw an inflow worth $1.04 billion last week, which has already constituted a 12-week positive streak. The overall year-to-date inflows amounted to 18 billion, driven by increasing institutional attention. In the meantime, the number of assets under management (AUM) increased to a historical high of 188 billion.
The trading volumes remained at the rate of 16.3 billion, which is the average held throughout the year. The US topped all inflows in the region with the addition of US$1 billion last week alone. The next two ranked usually followed far behind Germany and Switzerland, with inflows amounting to $38.5 million and $33.7 million, respectively.
Canada and Brazil also experienced outflows of 29.3 million dollars and 9.7 million dollars, respectively, due to regional investor weakness. Market activity is still rising, even though the inflow varies between countries in the short term. The pattern here remains that digital assets are sustaining their pace all over the world.
Also Read: Spot Bitcoin ETFs See $609M Inflows as BTC Hits $111K High
Spot Bitcoin ETFs Cross $1 Trillion
Bitcoin investment products attracted $790 million last week, below the recent $1.5 billion weekly average. This slower pace comes as Bitcoin approaches its all-time high, prompting some repositioning. But interest is still stable, with the most significant inflows being registered in the middle of the week.
U.S. spot Bitcoin ETFs brought in over $1 billion in net inflows on Wednesday and Thursday. This was after outflows amounting to 342.2 million were registered on Tuesday, a possible repositioning being undertaken by investors. Net inflows in 2024 have now reached $14.5 billion across U.S. Bitcoin ETFs.
The value of assets in such ETFs has increased to almost $128 billion, with IBIT topping the list in value with a figure of $73.6 billion. Thursday’s sell-off also pushed $4.1 billion of the trading volume in ETFs through IBIT. Since launching in January, spot Bitcoin ETFs have surpassed $1 trillion in cumulative trading.
Ethereum Extends Weekly Inflows, Gains Investor Attention
Ethereum recorded inflows of 226 million last week, marking the 11th consecutive week of gains. The inflows have always formed 1.6% of its total assets under management. This rate is double Bitcoin’s 0.8%, showing increased demand for ETH products.
Ethereum has been on a steady rise, and this signifies a change in investor interest in what to invest in the digital market. The strength of ETH inflows highlights growing market confidence beyond Bitcoin. The long-term performance of Ethereum has attracted institutional and retail purchases.
Analysts now expect broader ETF approvals to allow more tokens to enter the market. Subject to regulatory approval, a multiple-asset crypto index ETF is due to be listed shortly.
Also Read: U.S. Spot Bitcoin ETFs Surge: $1 Billion Inflows Signal Renewed Investor Confidence