TL;DR
- Record weekly income from investment funds in digital assets, with US$2.7 billion.
- Bitcoin continues to be the focus of investment, attracting US$2.6 billion.
- Solana is showing signs of recovery with $24 million in revenue last week.
The digital asset investment market has experienced a record week for fund flows, with weekly inflows reaching an impressive US$2.7 billion, according to the official CoinShares report.
This increase has brought year-to-date revenue to US$10.3 billion, approaching the record of US$10.6 billion set for all of 2021.
Bitcoin continues to be the main focus point for investors, attracting an impressive US$2.6 billion inflow over the past week.
These revenues now represent 14% of total Assets Under Management (AuM), demonstrating investors continued confidence in this leading cryptocurrency.
Additionally, Solana has shown signs of recovery after facing a series of challenges and negative feelings.
Over the past week, this platform saw a revenue stream of US$24 million, indicating renewed interest from investors.
The growth of the market is not only limited to fund flows, but is also reflected in the increase in weekly trading volume, which reached a staggering US$43 billion.
This increase in trading has been driven by recent gains in various digital assets
Regionally, the United States led in revenue with US$2.8 billion, followed by Switzerland and Brazil with US$21 million and US$18 million respectively.
However, Canada, Germany and Switzerland experienced capital outflows, with negative flows of US$35 million, US$77 million and US$39 million respectively.
In addition to Bitcoin’s dominance, other cryptocurrencies have also attracted significant investments in digital assets.
Polkadot, Fantom, Chainlink and Uniswap recorded revenue streams ranging between US$1.6 million and US$2.7 million each.
The digital asset market continues to show solid growth and diversification in investments.
As investors continue to show confidence in Bitcoin and explore new opportunities in other cryptocurrencies, the outlook for this sector remains promising.
