US leads $1.35B weekly surge in digital asset inflows — CoinShares

Josh O"Sullivan12 hours agoUS leads $1.35B weekly surge in digital asset inflows — CoinSharesCoinShares reports an unprecedented inflow into digital asset investment products, signaling growing investor confidence and positive market sentiment.1625 Total views3 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksCoinShares reported a significant $1.35 billion inflow into digital asset investment products in the last seven days.

According to the report, this latest inflow brings the last three-week inflows to $3.2 billion as investor confidence grows.

Parallel to the $1.35 billion inflow into digital assets, short-Bitcoin (BTC) exchange-traded products (ETPs) saw outflows of $1.9 million, indicating a shift toward bullish market sentiment.

Related:US Bitcoin ETFs see record $17B in net inflowsBTC, ETH sentiment shift

The CoinShares report highlights that since March, short-Bitcoin products have experienced $44 million in total outflows, constituting over 55% of assets under management (AUM).

The report indicates this change is a “positive sentiment” shift since the Bitcoin halving event in mid to late April.

Ether (ETH) also showed similarly strong performance over the last week, attracting $45 million in inflows and surpassing Solana’s (SOL) with $103 million in total year-to-date (YTD) inflows.

According to the report, SOL witnessed $9.6 million in inflows last week but trailed behind ETH with $71 million YTD inflows.

Related:BlackRock surpasses $10.6T record AUM boosted by ETF inflowsRegional inflows and outflows

The United States spearheaded the charge in inflows, responsible for $1.3 billion of the total $1.35 billion in the last week.

In second place, Switzerland contributed $66 million to the inflows, while Brazil and Hong Kong instead saw outflows of $5.2 million and $1.9 million, respectively.

The mixture of regional flows indicates a substantial difference in investment strategy and sentiment among investors in the different regional markets.

Related:Bitcoin and Ether lead $17.8B crypto inflowsBlackRock $10.6 trillion AUM

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.

The milestone marks a $1.2 trillion year-over-year growth for the firm, surpassing the $10 trillion milestone partly due to the surge in exchange-traded funds (ETF) inflows in Q1.

Larry Fink, the CEO of BlackRock, said that the growth was “driven by private markets” alongside retail investors and “surging flows” into the firm’s ETFs.

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