Volume 218: Digital Asset Fund Flows Weekly Report
From coinshares by CoinShares Research Blog
Executive Order Builds Confidence Amongst Investors with US$1.9bn inflows
- Digital asset investment products saw inflows totalling US$1.9bn last week, likely as a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin.
- In the altcoin space, Ethereum rebounded, with inflows of US$205m, while XRP also saw a further US$18.5m inflows.
- The most notable flows amongst the smaller digital assets were Solana, Chainlink and Polkadot with inflows of US$6.9m, US$6.6m and US$2.6m respectively.
Digital asset investment products saw inflows totalling US$1.9bn last week bringing year-to-date (YTD) inflows to US$4.8bn — likely as a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin. Despite the relatively flat price action last week, trading volumes were high at US$25bn for the week, comprising 37% of all trading volumes on trusted crypto exchanges.
Regionally, the US recorded inflows of US$1.7bn, with positive executive order news boosting sentiment across nearly all other regions. The most notable flows were observed in Canada, Switzerland, and Germany, seeing inflows of US$31m, US$35m, and US$23m, respectively.
Bitcoin saw inflows totalling US$1.6bn, bringing YTD inflows to US$4.4bn, accounting for 92% of all inflows in the digital asset sector. Following Bitcoin’s pre-inauguration new all-time highs last week, it was no surprise to see short-Bitcoin ETFs regain traction, with inflows of US$5.1 million.
In the altcoin space, Ethereum rebounded, with inflows of US$205m, while XRP also saw a further US$18.5m inflows. Unusually, no digital asset investment products saw outflows last week. The most notable flows amongst the smaller digital assets were Solana, Chainlink and Polkadot with inflows of US$6.9m, US$6.6m and US$2.6m respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?
This Thanksgiving, we are grateful for bitcoin returning to $90,000.
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?
The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.
What are the privacy messaging apps Session and SimpleX donated by Vitalik?
Why did Vitalik take action? From content encryption to metadata privacy.
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun
The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.
Trending news
MoreCrypto prices
More
