Cryptocurrency asset management company CoinShares released a report on Monday (27th) indicating that digital asset investment products saw a total of $346 million in net inflows last week, the highest amount in nine consecutive weeks of inflows. Stimulated by the launch of spot ETFs in the United States, this influx of funds is the largest since the bull market at the end of 2021.
Additionally, with the dual effect of rising prices and inflows of funds, the assets under management (AuM) of digital asset investment products have risen to $45.3 billion, the highest level in a year and a half.
In terms of ETP investment in various regions, Canada and Germany accounted for 87% of the total net inflows. The participation in the United States remains low, with only $30 million in net inflows last week, which CoinShares believes may be due to investors waiting for the launch of ETFs.
In terms of various currency investment products, Bitcoin saw a net inflow of $312 million last week, bringing the total inflow for the year to nearly $1.5 billion. The bearish trend continues to decline, with a net outflow of $900,000 from short Bitcoin investment products last week, showing a continuous outflow for three weeks, and the asset under management has decreased by 61% since the peak in April 2023.
CoinShares pointed out that the proportion of Bitcoin ETP trading volume to total spot Bitcoin trading volume remains significantly higher than the average level, reaching 18% last week, highlighting the increasing trend of using ETPs to gain exposure to this asset class.
Ethereum investment products saw a net inflow of approximately $34 million last week, with a total inflow of $103 million over four consecutive weeks, almost reversing the outflow trend in the first few months of the year, indicating a decisive change in market sentiment. Investment products such as Solana, Polkadot, and Chainlink also saw net inflows of $3.5 million, $800,000, and $600,000 respectively.