In a historic week for digital assets, investment products saw their largest weekly inflows ever, amounting to $3.85 billion, surpassing the previous record set just a few weeks earlier.<\/p>\n
This spike has driven total year-to-date inflows to $41 billion, while assets under management have surged to a new record of $165 billion, far outpacing the $83 billion AuM achieved during the 2021 cycle.<\/p>\n
According to CoinShares\u2019 latest edition of \u2018Digital Asset Fund Flows Weekly Report<\/a>,\u2019 Ethereum was a major contributor. Over the past week, its inflows reached a record-breaking $1.2 billion, exceeding the effect of the July ETF launches.<\/p>\n Bitcoin also saw impressive inflows of $2.5 billion, bringing its YTD total to $36.5 billion. In contrast, short Bitcoin products have experienced only modest inflows of $6.2 million, signaling that investors are cautious about betting against Bitcoin\u2019s recent price surge, a sentiment that typically comes after periods of sharp price increases when higher short positions are more common.<\/p>\n CoinShares stated that Ethereum\u2019s<\/a> inflows have come at the cost of Solana, which saw $14 million in outflows for the second week in a row. Multi-asset products also followed the trend with $6.3 million in inflows. Other assets on CoinShares\u2019 chart saw positive inflows, with XRP standing out by pulling in over $134 million.<\/p>\n Next up were Cardano, Binance, and Litecoin which followed with inflows of $5.2 million, $3.3 million, and $2.1 million, respectively. Chainlink experienced a smaller but still positive influx of $0.7 million, indicating widespread bullish sentiment among investors.<\/p>\n In terms of regional inflows, the United States led the way with $3.6 billion, followed by Switzerland, Germany, Canada, and Australia, which saw inflows of $160 million, $116 million, $14 million, and $10 million, respectively. Brazil also experienced a modest weekly inflow of $4.2 million.<\/p>\n However, Sweden and Hong Kong were the only countries to see outflows, with Sweden recording $18.9 million in outflows and Hong Kong facing $5.1 million in outflows for the week.<\/p>\n The post Ethereum Leads Record Inflows as Digital Asset Products Reach All-Time High<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In a historic week for digital assets, investment products saw their largest weekly inflows ever, amounting to $3.85 billion, surpassing the previous record set just a few weeks earlier. This spike has driven total year-to-date inflows to $41 billion, while assets under management have surged to a new record of $165 billion, far outpacing the […]<\/p>\n","protected":false},"author":0,"featured_media":26971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26970"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26970"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26971"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Sweden, Hong Kong Record Outflows<\/h2>\n