Bitcoin Commands 98% of Digital Asset Investment Products’ $1.1 Billion Inflows

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Invest­ments in dig­i­tal assets surged by $1.1 bil­lion, bring­ing the year-to-date total to $2.7 billion.

With the recent mar­ket recov­ery and sub­se­quent price hikes, the total assets under man­age­ment (AuM) have reached their high­est point since ear­ly 2022, hit­ting $59 billion.

  • Accord­ing to Coin­shares’ lat­est edi­tion of Dig­i­tal Asset Fund Flows Week­ly Report, Bit­coin dom­i­nat­ed with near­ly 98% of the inflows over the past week, rak­ing in $1.09 billion.
  • Coin­Shares’ report revealed that Ethereum and Car­dano also ben­e­fit­ed in terms of week­ly inflows, attract­ing $16 mil­lion and $6 mil­lion, respectively.
  • Minor inflows were observed in Avalanche, Poly­gon, and Tron, which amassed $0.5 mil­lion, $0.4 mil­lion, and $0.4 mil­lion, respectively.
  • Solana-focused dig­i­tal asset prod­ucts, on the oth­er hand, only attract­ed $0.1 mil­lion, while XRP set­tled at $0.3 mil­lion dur­ing the same peri­od. Uniswap and Short-Bit­coin expe­ri­enced minor out­flows, total­ing $0.5 mil­lion and $0.4 mil­lion, respectively.
  • While blockchain equi­ties over­all saw out­flows, these were pri­mar­i­ly due to one issuer expe­ri­enc­ing $67 mil­lion in out­flows, while all oth­ers col­lec­tive­ly received inflows total­ing $19 million.
  • Region­al­ly, the focus remained pri­mar­i­ly on new­ly issued spot-based Bit­coin ETFs in the Unit­ed States, which gar­nered a net inflow of $1.1 bil­lion last week, reach­ing $2.8 bil­lion since their Jan­u­ary 11th launch.
  • Out­flows from exist­ing invest­ments have slowed, but the poten­tial sale of Gen­e­sis hold­ings worth $1.6 bil­lion could lead to fur­ther out­flows in the com­ing months, the asset man­ag­er speculated.
  • Out­flows from oth­er regions have decreased, with minor out­flows from Cana­da and Ger­many total­ing $17 mil­lion and $10 mil­lion, respec­tive­ly. Switzer­land, how­ev­er, saw inflows of $35 mil­lion last week.
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