CoinShares: Last week, net inflows of digital asset investment products reached $1.84 billion, the second highest weekly inflow

According to the CoinShares weekly report, digital asset investment products recorded the second highest single-week inflow ever last week, totaling $1.84 billion. This week, trading volume for investment products reached a record-breaking $30+ billion. Following recent price increases, total assets under management (AuM) are now very close to the historical peak of $82.6 billion, slightly below the peak of $86 billion set in early November 2021.

The United States dominated with a net inflow total of $18.8 billion. This was partially offset by existing outflows from Grayscale funds, with their Bitcoin ETF seeing outflows totaling $14.6 billion. This was offset by new issuers, with total inflows for new issuers last week reaching $3.2 billion. Fund flows in other regions were mixed; Switzerland saw an inflow of $20 million while Sweden, Germany, and Canada saw outflows totaling $32 million, $35 million, and $23 million respectively.

94% of the inflows went into Bitcoin amounting to a total of $17.2 billion despite recent price volatility leading short investors to double down bets with an additional influx of $22 million into Bitcoin short investment products last week.
Ethereum saw its largest single-week inflow since mid-July 2022 at a total of$85million.

Polygon had an influx of $7.6million accounting for 22% of assets under management while Solana experienced an outflowof $12 million.