Digital asset investment products have seen a surge for the second week in a row, reaching a total of $932 million. Despite the increase in inflows, the trading volume for the week was significantly lower than the $40 billion recorded in March, standing at only $10.5 billion.

The influx of funds was largely prompted by the unexpected CPI report released on Wednesday. CoinShares’ Digital Asset Fund Flows Weekly Report indicates that 89% of the total flows occurred during the last three trading days of the week, suggesting that BTC prices have recoupled to interest rate expectations.

Bitcoin investors were not actively betting on a decline in its price, indicating a bullish outlook among market participants. Bitcoin experienced weekly inflows of $942 million. Altcoins such as Solana, Chainlink, and Cardano also received inflows, while Ethereum faced outflows of $23 million over the past week due to concerns about the SEC’s approval of a spot-based ETF.

The US led the way with $1.002 billion in inflows last week, boosted by Grayscale, which saw its first positive inflows of $18 million. Switzerland and Germany also recorded modest inflows, while Hong Kong, Canada, and Sweden experienced outflows.