Digital Asset Investment Products See Record Inflows Amid Market Fluctuations
- Digital asset investment products recorded $117.8 million in inflows last week, marking the fifth consecutive week of gains.
- Total inflows over the five-week period reached $4.02 billion, surpassing the previous record of $2.9 billion set in March.
- Bitcoin products attracted $192.1 million, while Ethereum faced outflows of $81.6 million, ending a three-week inflow streak.
- US-listed Bitcoin ETFs saw significant inflows of $532 million on Monday, led by BlackRock and Fidelity.
- The US experienced a sharp decline in inflows to $47.5 million from $1.1 billion the previous week.
The recent surge in digital asset investment products indicates a recovering market sentiment despite mid-week selloffs, with Bitcoin crossing above $80,000 for the first time in over three months following geopolitical developments.
Overall, Bitcoin products have driven year-to-date flows to $4.2 billion, highlighting strong investor interest despite fluctuations in Ethereum’s performance.(Source)
