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
Ethereum surges above $2,900 as Eric Trump encourages buying
US Spot Bitcoin ETFs See $5B Inflows in January, Could Surpass $50B in 2024: Bitwise CIO
Hougan noted that spot Bitcoin ETFs absorbed $4.94 billion in January alone, an annualized pace of approximately $59 billion.
Stablecoin Transaction Volume Reached $27.6 Trillion in 2024
The trade war is here
Tariffs issued on three of the US’s biggest trading partners sent global markets into a tailspin