Digital asset investment products witness record-breaking inflows, a surge not seen since December 2024, as per CoinShares.
🚀 Bitcoin and Digital Asset Investments on a Roll!
The world of digital asset investments is seeing a significant boost this year. According to the latest report by CoinShares, a staggering $3.34 billion has flowed into digital asset investment products – and Bitcoin is leading the charge!
Last week alone, digital asset market witnessed its highest amount of inflows since mid-December 2024, with a total inflow of $3.4 billion across all providers. The star performer among the investment products was BlackRock's iShares ETFs, which saw inflows amounting to a whopping $1.5 billion.
Other notable contenders such as ARK's 21Shares and Fidelity Wise Origin didn't fall far behind, with inflows of $621 million and $574 million respectively. Investors' interest doesn't stop here, as the influx of capital into digital asset investment products might be due to the search for safe haven assets amid economic uncertainty, away from traditional assets.
James Butterfill, the head of research at CoinShares, believes that concerns over tariff impact on corporate earnings and the dramatic weakening of the U.S. dollar are the primary reasons leading investors towards digital assets.
Let's take a closer look at the assets. When measured by asset type, Bitcoin remains the largest contributor to inflows, accumulating $3.18 billion last week. In fact, the total assets under management for Bitcoin have soared to an impressive $132 billion, a level not seen since February this year.
Ethereum also saw inflows of $183 million last week, marking the end of an 8-week streak of outflows. Meanwhile, Solana became the only altcoin with outflows last week, amounting to $5.7 million, while other altcoins saw little to no activity. SUI and XRP saw inflows of $20.7 million and $31.6 million respectively.
CoinShares' report also noted that U.S. investors were the biggest contributors, adding $3.3 billion last week. Germany and Switzerland also contributed moderately with inflows of $51.5 million and $41.4 million respectively.
It's worth noting that institutional adoption, increased regulatory clarity, macroeconomic trends, and technological advancements are some of the major factors driving the growth of digital asset investments, including Bitcoin. The expanding market cap, which approaches $3 trillion, and the price surge are evidence of digital assets' growing appeal to investors.
Sources:
- Blockworks
- CoinDesk
- The Block
- Business Insider
- Forbes
- Bitcoin, the leading digital asset, accumulated $3.18 billion in inflows last week, making up the largest contributor to digital asset investment products.
- Ethereum also witnessed inflows of $183 million last week, ending an 8-week streak of outflows.
- Solana, however, saw outflows last week, amounting to $5.7 million, while other altcoins like SUI and XRP saw inflows of $20.7 million and $31.6 million respectively.
- Concerns over tariff impact on corporate earnings and the weakening of the U.S. dollar have been primary reasons driving investors towards digital assets, according to James Butterfill, the head of research at CoinShares.
- The total assets under management for Bitcoin have soared to an impressive $132 billion, a level not seen since February this year.
- Institutional adoption, increased regulatory clarity, macroeconomic trends, and technological advancements are some of the major factors driving the growth of digital asset investments, including Bitcoin.
- U.S. investors were the biggest contributors last week, adding $3.3 billion to digital asset investment products.
- The expanding market cap, which approaches $3 trillion, and the price surge, are evidence of digital assets' growing appeal to investors in the finance and technology sectors.
