Digital Asset Investment Products Attract $3.4 Billion in Inflows Last Week
Global digital asset investment products saw inflows of $3.4 billion last week, the highest since mid-December 2024 and the third-largest weekly inflow on record. This shift in interest coincides with uncertainties in traditional markets.
Bitcoin Dominates as Demand Picks Up
- Investment products linked to Bitcoin attracted $3.18 billion.
- Total assets under management for Bitcoin funds reached $132 billion.
- XRP's recent performance falters, drawing only $37.7 million after leading previous weeks.
- Concerns over tariffs and a weakening U.S. dollar are driving investors toward Bitcoin as a store of value.
- Bitcoin has surpassed Silver and Amazon, becoming the sixth most valuable asset.
- Ethereum attracted $183 million in inflows, reversing an eight-week trend of outflows.
- Solana experienced an outflow of $5.7 million, while XRP brought in $31.6 million and Sui $20.7 million.
- Blockchain equities tied to Bitcoin mining attracted $17.4 million in inflows.
U.S. Investors Lead the Charge, Global Interest Rises
- U.S. investors accounted for $3.3 billion of the total inflows.
- Germany and Switzerland saw inflows of $51.5 million and $41.4 million, respectively.
- Sweden and Hong Kong experienced slight outflows.
- Canada reported minor changes but was one of the few larger markets with decreased inflows.
- The U.S. and China have reduced their Bitcoin reserves by 12% over nine months.
- Bitcoin is trading at $94,779.07, up 2.59% in the past 24 hours, with a market capitalization of $1.88 trillion.