{"id":243489,"date":"2024-07-15T11:57:17","date_gmt":"2024-07-15T11:57:17","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/15\/record-breaking-inflows-highlight-digital-asset-fund-trends\/"},"modified":"2025-06-25T17:14:43","modified_gmt":"2025-06-25T17:14:43","slug":"record-breaking-inflows-highlight-digital-asset-fund-trends","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/15\/record-breaking-inflows-highlight-digital-asset-fund-trends\/","title":{"rendered":"Record-Breaking Inflows Highlight Digital Asset Fund Trends"},"content":{"rendered":"

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\n Felix Pinkston<\/a>
\n Jul 15, 2024 09:52<\/span> \n <\/p>\n

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Digital asset investment products witnessed the 5th largest weekly inflows on record, reaching $1.44 billion, according to CoinShares.<\/p>\n


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Digital asset investment products have recorded significant inflows, marking the fifth largest weekly inflows on record, totaling $1.44 billion, according to CoinShares. These inflows bring the year-to-date (YTD) total to a record $17.8 billion, surpassing the previous high of $10.6 billion set in 2021.<\/p>\n

Bitcoin and Ethereum Lead Inflows<\/h2>\n

Bitcoin (BTC) was at the forefront, with inflows amounting to $1.35 billion, making it the fifth-largest weekly inflow on record for the cryptocurrency. Conversely, short-bitcoin products experienced significant outflows, the largest since April, totaling $8.6 million. This trend is attributed to price weakness due to the German Government’s bitcoin sales and a shift in sentiment following lower-than-expected CPI figures in the United States.<\/p>\n

Ethereum (ETH) also saw substantial inflows of $72 million last week, the largest since March. This surge is likely driven by anticipation of the imminent approval of a spot-based ETF in the United States.<\/p>\n

Regional and Altcoin Insights<\/h2>\n

Regionally, the United States led with $1.3 billion in inflows for the week. Noteworthy contributions also came from Switzerland, Hong Kong, and Canada, with inflows of $58 million, $55 million, and $24 million respectively. Switzerland’s inflows marked a record for the year.<\/p>\n

Other altcoins also saw positive inflows. Solana (SOL) received $4.4 million, Avalanche (AVAX) $2 million, and Chainlink (LINK) $1.3 million, highlighting a broad interest in diverse digital assets.<\/p>\n

Despite the significant inflows, volumes remained relatively low at $8.9 billion for the week, compared to the seven-day average of $21 billion for the year. This indicates a cautious yet optimistic approach among investors towards digital assets.<\/p>\n

For further details on the report, visit CoinShares<\/a>.<\/p>\n

Image source: Shutterstock<\/i><\/span><\/p>\n

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