Wu said that according to CoinShares, digital asset investment products saw inflows of $1.44 billion last week, bringing year-to-date inflows to a record $17.8 billion, far exceeding the $10.6 billion inflows in 2021. Bitcoin saw the fifth-largest weekly inflow on record at $1.35 billion, while shorting Bitcoin saw the largest weekly outflow since April at $8.6 million. Ethereum saw inflows of $72 million, likely in anticipation of the imminent approval of spot ETFs in the United States.