A New Weekly Record Set in Crypto Investment Products
According to CoinShares data, digital asset investment products recorded their largest weekly inflow in history last week, reaching $3.85 billion.
This brings total inflows year-to-date to $41 billion, while total assets under management (AuM) have reached a new high of $165 billion. In the previous cycle in 2021, inflows remained at $10.6 billion, while AuM peaked at $83 billion.
Regionally, the largest inflows were recorded in the U.S. at $3.57 billion, followed by Switzerland at $159.5 million, Germany at $116.1 million, Canada at $14.2 million, and Australia at $9.9 million. This broad geographic distribution highlights the growing global interest in crypto assets. Meanwhile, there were nearly $19 million in outflows from the Swedish market, and $5.1 million in outflows occurred in Hong Kong.
Bitcoin and Ethereum funds attracted significant inflows.
Bitcoin has seen an inflow of $2.5 billion, bringing its total since the beginning of the year to $36.5 billion. Short bitcoin positions remain limited at $6.2 million, and historically, much higher inflows have been observed following sharp price increases, indicating that investors continue to exercise caution against the recent strong price momentum.
Ethereum recorded an inflow of $1.2 billion, marking its largest weekly inflow in history, surpassing the ETF launches made in July. This inflow came after $14 million in outflows directed from Solana, suggesting that Ethereum has become more attractive to investors. Solana, thus, experienced outflows for the second consecutive week.
Rising confidence in blockchain stocks
Stocks of companies operating in the blockchain space have attracted $124 million in investment, the largest inflow since January. According to CoinShares analysts, this could be related to rising investor confidence regarding increased profit margins among Bitcoin miners.
As confidence in the profitability of Bitcoin mining improves, interest in blockchain stocks has significantly increased. This rise is seen as a signal that the crypto industry's position in financial markets is strengthening.