Digital asset investment products continued their positive momentum, recording a fourth straight week of capital inflows.
According to data from CoinShares, these products brought in $882 million last week, raising total year-to-date (YTD) inflows to $6.7 billion. This marks a sustained investor interest in the digital asset space, coinciding with the recent uptick in crypto prices.
For context, Bitcoin surged to touch $105,000, while Ethereum led the alternative coins with a surge to trade over $2,600.
Bitcoin Maintains Dominance
Bitcoin continued to dominate digital asset inflows, drawing $867 million last week. This performance pushed U.S.-listed Bitcoin ETFs to a new milestone. Since launching in January 2024, these ETFs have accumulated $62.9 billion in net inflows, surpassing the previous all-time high of $61.6 billion set in February.
In contrast, Ethereum saw limited activity with just $1.5 million in inflows last week. However, another notable development came from Sui, which posted $11.7 million in weekly inflows. This figure exceeded inflows for both Solana and Ethereum. As of now, Sui’s YTD inflows stand at $84 million, placing it ahead of Solana’s $76 million.
While Bitcoin and Sui captured the largest inflows, several other altcoins posted modest movements, highlighting a more selective investor appetite.
XRP registered $1.4 million in weekly inflows, bringing its year-to-date (YTD) total to $258 million, placing it among the more favored alternatives this year. XRP has maintained steady interest with its assets under management (AUM) of $1.35 billion.
Inflows Driven Largely by Blackrock
According to CoinShares, last week’s inflows were largely driven by BlackRock’s iShares ETF, which attracted $1.02 billion. However, this gain was partly offset by outflows from several other major providers, including Grayscale and Bitwise. These outflows amounted to a combined $257 million.
Meanwhile, regional breakdowns show the United States retained its dominant position, contributing $840 million of the global total. Germany followed this with $44.5 million and Australia with $10.2 million in inflows.
In contrast, Sweden saw the highest regional outflows, losing $12 million. Hong Kong and Canada also experienced negative flows of $8 million and $4.3 million, respectively.
Macroeconomic Trends Reinforcing Demand
According to CoinShares, the recent surge in digital asset prices and capital inflows appears linked to several overlapping market developments. Among the primary drivers is the global expansion of M2 money supply, which has increased liquidity across major economies.
Simultaneously, persistent concerns over stagflation in the United States—where inflation remains elevated even as growth slows—are prompting investors to explore alternative stores of value. In addition, a number of U.S. states, such as Arizona, have started to pass legislation that recognizes Bitcoin as part of their strategic reserve holdings.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
