CoinShares reported a $1.35 billion inflow into digital assets last week, totaling $3.2 billion in three weeks.
Short-Bitcoin ETPs saw $1.9 million in outflows, reflecting a shift towards bullish sentiment.
BlackRock reached $10.6 trillion in assets under management, driven by ETF inflows.
CoinShares revealed a $1.35 billion infusion into digital asset investment products in the last week, bringing the total inflows for the past three weeks to $3.2 billion. This demonstrates rising investor confidence in digital assets.
The substantial influx fits a broader pattern of growing interest in digital assets as investors seize favorable market signals, driving the notable increase observed in the past few weeks.
Digital asset investment products continued to see buying last week with inflows of $1.35bn. #Bitcoin alone saw inflows of $1.27bn and Ethereum saw another $45m The latter has overtaken #Solana as the #altcoin with the most inflows YTD. Learn more: https://t.co/6pvHz1OdR1 pic.twitter.com/G0hozbRgQX
— CoinShares (@CoinSharesCo) July 22, 2024
Shift in Market Sentiment for Bitcoin and Ether
Parallel to the inflow, short-Bitcoin exchange-traded products (ETPs) recorded outflows of $1.9 million. This shift suggests a move towards a more bullish market outlook. Since March, short-Bitcoin products have experienced $44 million in outflows, accounting for more than 55% of their assets under management.
The declining interest in short-bitcoin contracts indicates that the change in market attitude following the Bitcoin halving event in April has resulted in more investor confidence in the future of Bitcoin.
Having shown strong success, Ether has drawn $45 million in inflows over the past week, more than Solana in year-to-date (YTD). With $103 million YTD, Ether leads today compared to Solana’s $71 million, which includes $9.6 million in last week’s inflows.
Regional Investment Trends and BlackRock’s Record Milestone
The United States was the primary contributor, responsible for $1.3 billion of the $1.35 billion total inflows. Switzerland followed with $66 million, indicating strong interest in digital assets. In contrast, Brazil and Hong Kong saw outflows of $5.2 million and $1.9 million, respectively.
These regional variations highlight differing investment strategies and market sentiments across the globe. The data reveals significant regional disparities in digital asset investments.
On July 15, BlackRock reported a record $10.6 trillion in assets under management for Q4. This achievement marks a $1.2 trillion increase year-over-year, driven by substantial ETF inflows. Larry Fink, CEO of BlackRock, noted that growth was fueled by private markets and robust retail investor activity.
The recent influx into digital assets and the strong performance of Ether and Bitcoin reflect an optimistic market shift. BlackRock’s record assets further illustrate evolving trends in asset management. As these dynamics continue, they will influence future investment strategies and regional market behaviors.
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