Digital Asset Inflows Reach $785 Million with SUI Leading Market
Recent data from CoinShares indicates that the crypto market saw $785 million in inflows last week, bringing Year-to-Date (YTD) inflows to $7.5 billion, surpassing the previous peak of $7.2 billion in February.
Key Highlights
- Fifth consecutive week of inflows in the crypto sector.
- US, Germany, and Hong Kong recorded significant inflows: $681 million, $86.3 million, and $24.2 million respectively.
- Sweden, Canada, and Brazil experienced outflows totaling $33.7 million.
- Bitcoin attracted $557 million in inflows; Ethereum gained $205 million, totaling $575 million YTD.
- Short-Bitcoin products saw inflows of $5.8 million for four consecutive weeks.
- SUI Network led with $9.3 million in weekly inflows, outperforming XRP ($4.9 million) and Cardano ($500,000).
- SUI trades at $3.67 after a 4.52% price dip in the last 24 hours.
The overall market has recovered from the $7 billion in outflows during the February-March correction, although investor sentiment varies by region. The ongoing uncertainty surrounding interest rates may have influenced recent inflow patterns.