As the broader market recovers, digital asset investment products have also maintained an upward trend, CryptoPotato reported. According to the latest data from CoinShares, inflows reached $646 million last week. As a result, year-to-date inflows have reached a record $13.8 billion, significantly exceeding the $10.6 billion recorded in 2021. However, enthusiasm for spot Bitcoin ETFs seems to be fading. In fact, the latest version of CoinShares' digital asset fund liquidity shows that weekly liquidity levels have not reached the highs of early March. In addition, trading volume fell to $17.4 billion last week, down from $43 billion in the first week of March.
The Singapore-based asset management company further revealed that investor sentiment remained polarized in terms of regions. The United States saw an increase in inflows of $648 million in the past week. Similar trends were seen among investors in Brazil, Hong Kong, and Germany, which led to inflows of $10 million, $9 million, and $9.6 million, respectively. On the other hand, Switzerland and Canada recorded weekly outflows of $27 million and $7.3 million, respectively.
Bitcoin continues to be a major focus for investors, with inflows reaching $663 million over the past week. Meanwhile, short-term Bitcoin investment products saw outflows for the third consecutive week, totaling $9.5 million, indicating a "small capitulation" among bearish investors. Ethereum also saw outflows for the fourth consecutive week, totaling $22.5 million. This is in contrast to most other altcoins, which continued to observe inflows over the past week. Notable among them are Litecoin, Solana, and Filecoin, which observed inflows of $4.4 million, $4 million, and $1.4 million, respectively. During the same period, investment products related to Polkadot, Cardano, and XRP also recorded small inflows of $600,000, $200,000, and $100,000.
