Digital asset investment products attracted a record US$2.45 billion last week, with total assets back to December 2021 levels. Over the past year, inflows into such products have reached US$5.2 billion. This was reported by analysts in a weekly report from Coinshares.
The U.S. led the way in fundraising, attracting 99% of the total inflows of $2.4 billion. This indicates a growing interest in spot ETFs and an increase in net inflows between different providers. At the same time, outflows from current players decreased. Other regions such as Germany and Switzerland saw modest inflows of USD 13 million and USD 1 million respectively, while Sweden saw an outflow of USD 26 million.
Bitcoin accounted for more than 99% of the inflows, but some investors also took the opportunity to increase short positions in bitcoin, which attracted USD 5.8 million. Ethereum also attracted US$21 million, while outflows due to the Solana downturn totaled US$1.6 million. Avalanche, Chainlink and Polygon saw inflows of US$1 million, US$0.9 million and US$0.9 million respectively, which is noted as a steady weekly trend this year.
Investors in blockchain ETFs decided to lock in profits last week, noting outflows totaling US$167 million.