Ethereum Leads Record Inflows as Digital Asset Products Reach All-Time High

In a historic week for digital assets, investment products saw their largest weekly inflows ever, amounting to $3.85 billion, surpassing the previous record set just a few weeks earlier.

This spike has driven total year-to-date inflows to $41 billion, while assets under management have surged to a new record of $165 billion, far outpacing the $83 billion AuM achieved during the 2021 cycle.

Ethereum Dominates Investment Flows

According to CoinShares’ latest edition of ‘Digital Asset Fund Flows Weekly Report,’ Ethereum was a major contributor. Over the past week, its inflows reached a record-breaking $1.2 billion, exceeding the effect of the July ETF launches.

Bitcoin also saw impressive inflows of $2.5 billion, bringing its YTD total to $36.5 billion. In contrast, short Bitcoin products have experienced only modest inflows of $6.2 million, signaling that investors are cautious about betting against Bitcoin’s recent price surge, a sentiment that typically comes after periods of sharp price increases when higher short positions are more common.

CoinShares stated that Ethereum’s inflows have come at the cost of Solana, which saw $14 million in outflows for the second week in a row. Multi-asset products also followed the trend with $6.3 million in inflows. Other assets on CoinShares’ chart saw positive inflows, with XRP standing out by pulling in over $134 million.

Next up were Cardano, Binance, and Litecoin which followed with inflows of $5.2 million, $3.3 million, and $2.1 million, respectively. Chainlink experienced a smaller but still positive influx of $0.7 million, indicating widespread bullish sentiment among investors.

Sweden, Hong Kong Record Outflows

In terms of regional inflows, the United States led the way with $3.6 billion, followed by Switzerland, Germany, Canada, and Australia, which saw inflows of $160 million, $116 million, $14 million, and $10 million, respectively. Brazil also experienced a modest weekly inflow of $4.2 million.

However, Sweden and Hong Kong were the only countries to see outflows, with Sweden recording $18.9 million in outflows and Hong Kong facing $5.1 million in outflows for the week.