Bitcoin (BTC) continues to flex its dominance as the top digital asset, attracting $867 million in inflows last week alone, according to a fresh CoinShares report published on May 12.<\/p>\n
This influx led the broader crypto investment products market, which collectively saw $882 million in inflows, marking the fourth consecutive week of gains and lifting year-to-date totals to $6.7 billion.<\/p>\n
The surge in investor confidence comes against a backdrop of rising global liquidity and inflationary concerns in the U.S., which have sparked renewed interest in crypto as a hedge.<\/p>\n
According to CoinShares analysts, the uptick in inflow is mainly due to a confluence of macroeconomic factors, including a rise in M2 money supply and heightened stagflation risks. Additionally, BTC\u2019s growing institutional appeal, crowned by several U.S. states formally recognizing the flagship cryptocurrency as a strategic reserve asset<\/a>, is helping to cement its role as a digital safe haven.<\/p>\n The CoinShares report<\/a> showed that U.S.-listed crypto ETFs have now reached a record $62.9 billion in cumulative net inflows since launching in January 2024, topping the previous peak of $61.6 billion recorded in early February.<\/p>\n Regionally, the United States was the main driver of last week\u2019s activity, with $840 million in inflows, followed by Germany, which raked in $44.5 million, and Australia, which attracted $10.2 million. The story was different for Canada and Hong Kong, which registered outflows of $8 million and $4.3 million, respectively.<\/p>\n CoinShares also noted that despite a sharp rise<\/a> in the price of Ethereum (ETH) in recent days, its inflows still lagged significantly behind BTC, tallying just $1.5 million last week.<\/p>\n Sui drew attention, attracting $11.7 million and outperforming Solana (SOL), which lost $3.4 million worth of capital. Additionally, Sui has accumulated $84 million year-to-date, overtaking SOL\u2019s $76 million and possibly signaling a shift in investor sentiment within the Layer-1 ecosystem.<\/p>\n Apart from shining in fund flows, from a price perspective, Bitcoin also looks to be maintaining its momentum. At the time of this writing, it was trading at $103,853, down a modest 0.8% in the past 24 hours. However, in the last week, it has gained 10.3%, moving within a 7-day range of $93,724 to $104,710, according to CoinGecko.<\/p>\n While it has slightly underperformed the broader crypto market, which went up 13.3% in the previous seven days, the number one crypto asset\u2019s 30-day performance is solid, gaining 24.5% in that time. It remains just 4.6% below its all-time high of $108,786.<\/p>\n The post CoinShares: Bitcoin Drives $882M Weekly Inflows into Digital Assets<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) continues to flex its dominance as the top digital asset, attracting $867 million in inflows last week alone, according to a fresh CoinShares report published on May 12. This influx led the broader crypto investment products market, which collectively saw $882 million in inflows, marking the fourth consecutive week of gains and lifting […]<\/p>\n","protected":false},"author":0,"featured_media":65835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65834","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\/65834"}],"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=65834"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65835"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum Struggles for Traction<\/h2>\n