TL;DR
- Record weekly revenue: $1.84 billion.
- Bitcoin dominance: 94% of flows, $1.72 billion.
- Interest in Ethereum: Highest inflow since 2022, $85 million.
The digital asset market continues to see notable momentum, as revealed by CoinShares Research’s weekly report.
Over the past week, the second-highest weekly inflow into digital asset investment products was recorded, totaling an impressive $1.84 billion.
This massive influx of capital reflects renewed investor interest in this ever-evolving sector.
A notable aspect is the dominance of US ETFs in this panorama.
In fact, the North American country saw a significant net capital inflow, reaching $1.88 billion dollars.
Despite a slight decrease in outflows from Grayscale, new issuers received a total of $3.2 billion in inflows, indicating growing diversification in the digital asset ETF market.
Bitcoin continues to be the main protagonist, with 94% of inflows directed towards this cryptocurrency, totaling $1.72 billion dollars.
However, continued interest from bearish investors was also seen, with a modest additional flow of $22 million into Bitcoin shorting products.
This dynamic suggests a diversity of strategies among digital asset market participants
As for Ethereum, the second-largest cryptocurrency by market capitalization, it saw a notable increase in inflows, reaching $85 million.
Despite this momentum, Ethereum assets under management (AuM) have yet to reach their all-time high, suggesting bullish potential in the near future.
Furthermore, other digital assets also experienced significant movements.
Polygon received inflows worth $7.6 million, representing 22% of its assets under management.
In contrast, Solana experienced outflows worth $12 million, showing a divergence in demand for different alternative cryptocurrencies.
The report highlights continued investor interest in the digital asset market, with Bitcoin and Ethereum leading the way, but also growing attention towards other emerging cryptocurrencies.
These capital flows reflect the maturity and diversification of the digital asset market, which continues to be an area of great interest for investors around the world.
