CoinShares has announced an unprecedented $1.35 billion inflow into digital asset investment products over the past week, reflecting increasing investor confidence and positive market sentiment.
Significant Increase in Digital Asset Inflows
According to the report, the recent $1.35 billion inflow contributes to a three-week total of $3.2 billion in digital asset investments. This surge indicates growing optimism among investors.
Parallel to this inflow, short-Bitcoin exchange-traded products (ETPs) experienced outflows of $1.9 million, suggesting a shift toward a bullish market outlook.
Shifting Sentiments in Bitcoin and Ethereum
The CoinShares report highlights a notable shift in sentiment toward Bitcoin and Ethereum. Since March, short-Bitcoin products have seen $44 million in outflows, amounting to over 55% of assets under management (AUM). This change is attributed to a “positive sentiment” shift following the Bitcoin halving event in mid to late April.
Ethereum also demonstrated strong performance, attracting $45 million in inflows over the last week and surpassing Solana’s year-to-date (YTD) inflows with a total of $103 million. Solana saw $9.6 million in inflows last week but lagged behind Ethereum with $71 million in YTD inflows.
Also Read: Real Bedford FC Invests $4.5M in Bitcoin
Regional Inflows and Outflows
The United States led the inflows, accounting for $1.3 billion of the total $1.35 billion in the past week. Switzerland followed with $66 million in inflows. Meanwhile, Brazil and Hong Kong experienced outflows of $5.2 million and $1.9 million, respectively. These regional differences highlight varying investment strategies and sentiments across global markets.
On July 15, BlackRock, the world’s largest asset manager, reported a record $10.6 trillion in AUM as of the end of the fourth quarter. This marks a $1.2 trillion year-over-year growth, driven by surging inflows into exchange-traded funds (ETFs) in Q1.
Larry Fink, CEO of BlackRock, attributed this growth to “private markets,” retail investors, and “surging flows” into the firm’s ETFs.
