A substantial inflow of $2 billion in digital asset investments has been recorded this week, marking a total of $4.3 billion over the past five weeks. This surge in investment aligns with a notable increase in Exchange-Traded Products (ETPs) trading volumes, which spiked by 55% from the previous week, reaching $12.8 billion.
The U.S. dominated this influx, with a staggering $1.98 billion, featuring one of the largest single-day inflows ever recorded. This financial movement has propelled the iShares Bitcoin ETF ahead of the long-time leader Grayscale, now boasting an Assets under Management (AuM) value of $21 billion. This milestone coincides with the total AuM for digital assets surpassing the $100 billion mark, a peak not seen since March.
Bitcoin continued to be the main attraction, drawing in $1.97 billion. Meanwhile, Ethereum also enjoyed a significant uptick in interest, with its best week of inflows since March, totaling $69 million. This renewed interest in Ethereum likely stems from the SEC’s recent decision to approve spot-based ETFs.
Altcoin Movements
According to the CoinShares report, among altcoins, Fantom and XRP were notable for their positive inflows, with $1.4 million and $1.2 million, respectively. This activity indicates a growing investor interest in a broader range of cryptocurrencies beyond the major players.
The current investment rally in digital assets is likely to directly respond to unexpectedly weak macroeconomic data in the U.S., which has shifted expectations toward earlier monetary policy cuts. This financial optimism is reflected across nearly all digital asset providers and marks a significant slowdown in outflows from incumbents.