Digital asset investment products are soaring like a rocket, with annual inflows hitting a new high! This "digital gold boom" is simply astonishing!
According to CryptoPotato, digital asset investment products are also on the rise as the market recovers more broadly. According to the latest data from CoinShares, inflows last week reached $646 million, bringing the year-to-date inflows to a record $13.8 billion, significantly exceeding the $10.6 billion in 2021. However, enthusiasm for spot Bitcoin ETFs seems to be waning. In fact, the latest data from CoinShares' digital asset fund liquidity shows that weekly liquidity has not reached the highs of early March, with trading volume falling to $17.4 billion last week, down from $43 billion in the first week of March.
The Singapore asset management company further revealed that investor sentiment remains polarized in terms of regions. The United States added $648 million in inflows in the past week. Similar trends were seen by investors in Brazil, Hong Kong, and Germany, resulting in inflows of $10 million, $9 million, and $9.6 million, respectively. On the other hand, Switzerland and Canada recorded weekly outflows of $27 million and $7.3 million, respectively.
Bitcoin continues to be a major focus for investors, with inflows reaching $663 million over the past week. Meanwhile, short-term Bitcoin investment products saw outflows for the third consecutive week, totaling $9.5 million, suggesting a “small capitulation” from bearish investors. Ethereum also saw outflows for the fourth consecutive week, totaling $22.5 million. This is in contrast to most other cryptocurrencies, which continued to observe inflows over the past week. Among them, notable are Litecoin, Solana, and Filecoin, which observed inflows of $4.4 million, $4 million, and $1.4 million, respectively. During the same period, investment products associated with Polkadot, Cardano, and XRP also recorded small inflows of $600,000, $200,000, and $100,000.
