Key Takeaways:
- $176M inflows as digital assets rebound from market correction.
- Ethereum leads with $155.4M in inflows.
- U.S. sees $396M net outflows despite global optimism.
YEREVAN (CoinChapter.com) — Last week, digital asset investment products saw significant inflows, surging to $176 million. Investors took advantage of recent price declines, viewing it as a buying opportunity. The market correction had previously reduced total Assets under Management (AuM) to $75 billion, but they have since rebounded to $85 billion.
Trading activity in Exchange-Traded Products (ETPs) was notably higher, with $19 billion traded during the week, surpassing the annual weekly average of $14 billion. This increase in trading volume reflects greater investor engagement in the digital asset space.
Global Inflows Boost Digital Assets, But U.S. Faces $396M Net Outflows
Inflows were recorded across all major regions, indicating a widespread positive outlook on digital assets following the recent market downturn. The United States led the surge with $89 million, followed by Switzerland with $21.3 million, Brazil with $19.9 million, and Canada with $19.2 million.
However, despite these inflows, the U.S. still recorded net outflows month-to-date, totaling $396 million. This suggests that while there is interest in digital assets, some U.S. investors remain cautious.
ETH Leads with $155M Inflows; BTC Sees Mixed Results Amid Market Shift
Ethereum attracted $155.4 million in inflows last week, the highest among digital assets. This brings its year-to-date inflows to $862 million. The recent launch of U.S. spot-based ETFs has driven much of this activity.
Ethereum’s inflows reflect its strong position in the market, particularly after the recent volatility.
Bitcoin experienced mixed results, starting the week with outflows but ending with $13 million in inflows. This turnaround shows that while there was initial concern, confidence in Bitcoin returned by the end of the week.
Short Bitcoin ETPs saw significant outflows of $16.2 million, which reduced the AuM for short positions by 23%. This drop brings the AuM for short positions to its lowest level since the start of the year, indicating a shift in investor sentiment away from betting against Bitcoin.