Investment products for digital assets continued to see inflows despite price weakness: last week saw an inflow of $1.44 billion, bringing the year-to-date (YTD) inflow to a record $17.8 billion, significantly surpassing the $10.6 billion inflow in 2021.
Bitcoin experienced its 5th largest weekly inflow ever at $1.35 billion, while short bitcoin saw its largest weekly outflow since April at $8.6 million. Ethereum had an inflow of $72 million last week, likely in anticipation of the imminent approval of a spot ETF in the US.