CoinShares has announced a significant milestone, reporting a $1.35 billion inflow into digital asset investment products over the past seven days.
This substantial influx highlights growing investor confidence in the digital asset market, bringing the total inflows over the last three weeks to an impressive $3.2 billion.
The CoinShares report revealed a parallel trend in market sentiment, with short-#Bitcoin (BTC) exchange-traded products (ETPs) experiencing $1.9 million in outflows. This shift away from bearish positions indicates a growing bullish sentiment among investors.
Positive Market Sentiment for BTC and ETH
The report put the spotlight on a notable shift in sentiment towards Bitcoin and Ethereum (ETH). Since March, short-Bitcoin products have seen a total of $44 million in outflows, amounting to over 55% of assets under management (AUM). This change is attributed to the positive sentiment following Bitcoin's halving event in mid to late April.
Ethereum also performed robustly, attracting $45 million in inflows over the past week. This performance pushed its total year-to-date (YTD) inflows to $103 million, surpassing Solana (SOL), which has $71 million YTD inflows. Last week, SOL saw $9.6 million in inflows, trailing behind ETH in terms of overall investor interest.
Regional Inflows and Outflows
The United States led the charge in digital asset inflows, contributing $1.3 billion of the total $1.35 billion in the past week. Switzerland followed with $66 million in inflows. Conversely, Brazil and Hong Kong saw outflows of $5.2 million and $1.9 million, respectively.
On a related note, BlackRock, the world’s largest asset manager, reported a record $10.6 trillion in AUM as of the end of the fourth quarter. This milestone marks a $1.2 trillion year-over-year growth for the firm, driven in part by a surge in ETF inflows in Q1.
Larry Fink, CEO of #BlackRock , attributed this growth to the firm's strong performance in private markets, alongside significant contributions from retail investors and increasing flows into #ETFs . The firm’s ability to attract substantial investments underlines the growing confidence in the broader financial market, including digital assets.
