As the broader market recovers, digital asset investment products have also maintained an upward trend. According to the latest data from CoinShares, inflows reached $646 million last week.

As a result, annual inflows so far have reached a record $13.8 billion, far exceeding the $10.6 billion in 2021.

ETF craze slows

The new achievement comes on the heels of a strong rally in digital asset investments in late March. Investor sentiment has also been high as Bitcoin has rallied back above $72,000 as the market gears up for this month’s much-anticipated Bitcoin halving.

However, the enthusiasm surrounding spot Bitcoin ETFs appears to be waning. In fact, the latest CoinShares Digital Asset Fund flows show that weekly inflow levels have not reached the highs of early March. In addition, trading volume fell to $17.4 billion last week from $43 billion in the first week of March.

“Nonetheless, there are signs that ETF investor interest is stabilizing, failing to reach the levels of weekly inflows seen in early March.”

In addition, the Singapore-based asset management company further revealed that investor sentiment remains polarized from a regional perspective.

The United States attracted a total of $648 million in additional inflows during the week. Similar trends were seen with investors from Brazil, Hong Kong, and Germany, which brought in $10 million, $9 million, and $9.6 million, respectively. On the other hand, Switzerland and Canada saw weekly outflows of $27 million and $7.3 million, respectively.

Selling by bearish investors

Bitcoin continues to be a major focus for investors, attracting $663 million in inflows over the past week. Meanwhile, short Bitcoin investment products saw outflows for the third consecutive week, totaling $9.5 million, suggesting that bearish investors are experiencing a "mini-capitalization of defeat."

Ethereum also saw outflows for four consecutive weeks, totaling $22.5 million. This is in stark contrast to most other altcoins, which continued to see inflows over the past week. Notably, Litecoin, Solana, and Filecoin attracted inflows of $4.4 million, $4 million, and $1.4 million, respectively.

At the same time, investment products related to Polkadot, Cardano, and XRP also received small inflows of $600,000, $200,000, and $100,000, respectively. #CoinShares  #比特币ETF