Ethereum has experienced inflows for seven consecutive weeks, amassing $3.7 billion during this period, with $1 billion recorded last week alone. This indicates improving investor sentiment towards the second-largest cryptocurrency. According to CoinShares’ Digital Asset Fund Flows Weekly Report, digital asset investment products saw $3.2 billion in inflows last week, marking the 10th consecutive week of positive momentum and bringing total inflows this year to a staggering $44.5 billion – over four times higher than any previous year.
ETPs have seen weekly trading volumes averaging $21 billion, accounting for 30% of Bitcoin trading on trusted exchanges. Bitcoin’s daily trading volume across all investment types on trusted exchanges averaged $8.3 billion this year, twice that of the FTSE 100. Bitcoin investment products contributed $2 billion to the weekly inflows, reaching $11.5 billion since the US election.
Amid recent price surges, short Bitcoin products gained $14.6 million, although assets under management (AuM) for this category remain modest at $130 million. XRP saw the most significant inflows among altcoins, with $145 million as hopes for a US-listed ETF rose. Other altcoins that experienced inflows include Litecoin with $2.2 million, Cardano with $1.9 million, and Solana with $1.7 million.
Binance and Chainlink attracted $0.7 million in inflows each. Multi-asset products faced $31 million in outflows during the same period. Inflows were recorded across all regions, with the US leading the way with $3.14 billion in inflows. Switzerland followed with $35.6 million, Germany with $32.9 million, and Brazil with $24.7 million.
Hong Kong, Canada, and Australia added $9.7 million, $4.9 million, and $3.8 million, respectively. Sweden experienced outflows of $19 million.
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