Digital Asset Investment Products See Record Inflows

According to PANews, the latest report from CoinShares reveals that digital asset investment products experienced their largest weekly inflow, reaching $3.13 billion. This surge has pushed the year-to-date total inflows to a record high of $37 billion. Bitcoin-related products were the primary beneficiaries, attracting $3 billion, while short Bitcoin investment products also saw an inflow of $10 million. Since the Federal Reserve's first interest rate cut in September, total inflows have amounted to $15.2 billion. Solana outperformed Ethereum last week, with inflows of $16 million compared to Ethereum's $2.8 million. However, on a year-to-date basis, Solana still lags significantly behind Ethereum. Among other altcoins, XRP, Litecoin, and Chainlink recorded inflows of $15 million, $4.1 million, and $1.3 million, respectively. The U.S. market dominated the inflows, contributing $3.2 billion, while Germany, Sweden, and Switzerland saw outflows of $40 million, $84 million, and $17 million, respectively, due to profit-taking at high points. Meanwhile, markets in Australia, Canada, and Hong Kong recorded inflows of $9 million, $31 million, and $30 million, respectively. Multi-asset investment products experienced outflows for the second consecutive week, totaling $10.5 million.