Digital Asset Funds Witness Record Inflows, Bitcoin and Ethereum Lead

Digital asset investment products experienced a significant surge in inflows, with $3.7 billion recorded last week, according to CoinShares. This influx marks the second-largest weekly inflow on record, contributing to a total of $21.8 billion over 13 consecutive weeks of positive flows. The total assets under management (AuM) have now reached a record $211 billion, surpassing previous benchmarks.

Record-Breaking Inflows

The week ending July 10th saw a notable $3.7 billion in inflows, with the day itself marking the third-highest daily inflow ever. This remarkable performance highlights the growing investor confidence in digital assets, as the sector continues to gain momentum. Year-to-date inflows have now reached $22.7 billion, indicating a robust upward trend.

Bitcoin and Ethereum Dominate

Bitcoin (BTC) and Ethereum (ETH) were at the forefront of these inflows. Bitcoin saw a substantial $2.7 billion in weekly inflows, bringing its total AuM to $179.5 billion. This figure now represents 54% of the total AuM held in gold exchange-traded products (ETPs). Ethereum, meanwhile, posted its fourth-largest weekly inflow at $990 million, marking its 12th consecutive week of positive flows. This equates to 19.5% of its AuM over the past 12 weeks, compared to Bitcoin's 9.8%.

Mixed Regional Flows

Regionally, the United States led the inflows with $3.7 billion, showcasing strong domestic interest. However, Germany faced outflows totaling $85.7 million, while Switzerland and Canada saw modest gains with inflows of $65.8 million and $17.1 million, respectively.

Other Notable Movements

While Bitcoin and Ethereum recorded significant inflows, other digital assets experienced mixed results. XRP faced the largest weekly outflows at $104 million, whereas Solana (SOL) reported strong inflows of $92.6 million, underscoring the varied investor sentiment across different digital currencies.

For further insights and detailed analysis, the full report can be accessed on the CoinShares website.