Digital Asset Inflows Surge as Sentiment Recovers for Ethereum (ETH) and Bitcoin (BTC)

Digital asset investment products saw a significant resurgence last week, with inflows totaling $3.3 billion, according to CoinShares. This surge in investment activity comes amid recovering sentiment for major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC), following weaker-than-expected macroeconomic data from the U.S.

Regional Inflows and Outflows

The United States led the inflow charge with $3.2 billion, while Germany contributed $160 million. However, Switzerland recorded $92 million in outflows, slightly offsetting the positive trend. Notably, Germany experienced its second-largest daily inflows on record last week.

Bitcoin and Ethereum Lead the Charge

Bitcoin (BTC) witnessed the most substantial inflow, garnering $2.4 billion, marking the largest weekly inflow since July. Conversely, short-bitcoin products saw modest outflows, reducing their assets under management to $86 million.

Ethereum (ETH) also experienced a positive shift in sentiment after eight consecutive days of outflows. Last week, the cryptocurrency recorded four straight days of inflows, accumulating $646 million.

Solana and Other Digital Assets

Solana (SOL) marked a milestone with its largest-ever single-day inflow of $145 million on Friday, contributing to a weekly total of $198 million. Meanwhile, Aave (AAVE) and Avalanche (AVAX) experienced minor outflows of $1.08 million and $0.66 million, respectively.

The overall positive sentiment and inflows have pushed the total assets under management (AuM) in digital asset products to $239 billion, nearing the record high of $244 billion set in early August.

For further insights and detailed analysis, visit the full report on CoinShares.