Digital Asset Investment Products See Continued Inflows

According to BlockBeats, CoinShares' latest weekly report reveals that digital asset investment products have experienced inflows for five consecutive weeks, totaling $1.3 billion last week. This brings the year-to-date inflows to $7.3 billion. Recent price declines have caused the total assets under management for exchange-traded products (ETPs) to drop from a record high of $181 billion at the end of January to $163 billion. Despite this, trading volumes have remained stable at $20 billion. Bitcoin saw inflows of $407 million, with global ETPs currently accounting for 7.1% of its market capitalization. Ethereum has emerged as a focal point this week, with its price recently falling to nearly $2,100, prompting significant buying activity. Inflows for Ethereum reached $793 million, surpassing Bitcoin for the first time this year. Notable inflows were also recorded for XRP and Solana, amounting to $21 million and $11 million, respectively. Blockchain stocks saw an additional $33 million in inflows, bringing the year-to-date total to $194 million.