Digital Asset Inflows Surge for 10th Week Amid Global Tensions

Digital asset investment products have sustained a remarkable 10-week streak of inflows, amassing a total of $1.24 billion in the latest week, according to CoinShares. This persistent growth brings the year-to-date (YTD) inflows to a record $15.1 billion, highlighting robust investor confidence despite prevailing geopolitical uncertainties.

Bitcoin and Ethereum Lead the Charge

Bitcoin (BTC) and Ethereum (ETH) have been at the forefront of this investment surge, with Bitcoin alone drawing in $1.1 billion. This marks the second consecutive week of positive inflows for Bitcoin, suggesting investors are capitalizing on recent price corrections. Ethereum, on the other hand, reported $124 million in inflows, extending its streak to nine consecutive weeks. This continued interest underscores a strong investor sentiment towards these leading cryptocurrencies.

Regional Inflows and Outflows

The United States emerged as the dominant region for inflows, contributing $1.25 billion. Other regions like Canada and Germany also showed positive inflows, with $20.9 million and $10.9 million respectively. However, not all regions mirrored this trend. Hong Kong and Switzerland experienced notable outflows of $32.6 million and $7.7 million, suggesting varying regional investor sentiment.

Impact of Global Events

The inflow momentum witnessed a slight dip towards the end of the week, potentially influenced by the US Juneteenth holiday and reports of US involvement in the Iran conflict. Despite these factors, the overall trend remains positive, with investors showing resilience and adaptability to global events.

Other Noteworthy Inflows

Beyond Bitcoin and Ethereum, other digital assets such as Solana (SOL) and XRP also attracted investor interest, with inflows of $2.78 million and $2.69 million respectively. These investments reflect a diversified interest in the digital asset space, as investors seek opportunities beyond the top cryptocurrencies.

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