Digital Assets Resilient Amid Market Unrest, Attracting $1.9B Weekly Inflows (Report)
Last week, fluctuations in geopolitical conditions negatively impacted risk assets; however, digital currencies displayed remarkable strength, drawing investments alongside traditional safe havens like gold. The total weekly investments in digital asset products reached $1.9 billion, continuing a positive trend that has persisted for nine weeks.
Over the course of this period, total inflows amounted to $12.9 billion, with year-to-date totals now hitting a record of $13.2 billion.
In the most recent report on digital asset fund flows, Bitcoin made a significant recovery last week, drawing in $1.3 billion in fresh investments after experiencing two weeks of minimal outflows. Additionally, short-bitcoin funds saw a marginal influx of $3.7 million, although their overall assets under management remained low at $96 million.
Ethereum maintained its positive momentum, witnessing inflows of $583 million—the highest level since February, including its strongest daily uptake during that timeframe. This recent growth has propelled Ethereum’s total inflows to $2 billion, representing 14% of its total assets under management.
XRP experienced renewed investor interest, reversing three weeks of outflows with inflows totaling $11.8 million. Sui also attracted an additional $3.5 million. Other assets like Solana, Cardano, and Chainlink recorded smaller inflows of $1.3 million, $0.4 million, and $0.3 million respectively.
Conversely, multi-asset investment products reported outflows of $14 million for the fourth consecutive week. Litecoin also faced a slight outflow of $0.1 million.
Investor attitudes were overall positive across various regions, with the US leading the charge at $1.9 billion in inflows. Germany followed with $39.2 million, while Switzerland and Canada contributed $20.7 million and $12.1 million respectively. Australia also saw $9.2 million in inflows during the past week.
In contrast, Hong Kong experienced the largest outflows, totaling $56.8 million, followed by Sweden and Brazil with outflows of $16.7 million and $8.5 million during the same timeframe.
Post Comment