In a recent development, digital asset investment products saw substantial inflows, totaling $176 million over the past week. This surge in investment comes in the wake of a market correction, which many crypto investors interpreted as an ideal opportunity to buy in. Ethereum emerged as the biggest winner, attracting $155 million in inflows, pushing its year-to-date total to $862 million—the highest since 2021.
Bitcoin had a mixed week, starting with outflows but ending on a positive note with $13 million in inflows. However, the week was marked by significant volatility, including a 3% drop within 24 hours, leading to $161 million in liquidations. On the other hand, short Bitcoin investment products saw their largest outflows since May 2023, with $16 million leaving these positions. This reduction brought the assets under management for short positions to their lowest point since the beginning of the year.
Interestingly, the positive sentiment wasn’t confined to one region; all major markets, including the United States, Switzerland, Brazil, and Canada, reported inflows. The United States led the pack with $89 million, followed by Switzerland with $20 million, Brazil with $19 million, and Canada with $12.6 million. Despite this, the U.S. remains the only country to have recorded net outflows since the beginning of the month, amounting to $306 million.
This week’s analysis of digital asset fund flows reveals a dynamic market where investors are leveraging corrections to strengthen their positions. While volatility continues to be a factor, the renewed inflows suggest growing confidence in the potential of digital assets, highlighting their appeal in an ever-evolving crypto landscape.
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