Digital Asset Investment Products Record Second-Highest Weekly Inflows

According to PANews, digital asset investment products recorded the second-highest weekly inflows in history last week, totaling $1.84 billion. This week, the trading volume of investment products reached a record-breaking $30 billion. After the recent price increase, the total assets under management (AuM) are now very close to the historical high of $82.6 billion, only slightly lower than the peak of $86 billion set in early November 2021. The United States continues to dominate, with net inflows totaling $1.88 billion. This was partly offset by the outflow of existing Grayscale funds, with the company's Bitcoin ETF outflows totaling $1.46 billion. This was offset by new issuers, with inflows totaling $3.2 billion last week. Inflows in other regions were mixed, with Switzerland seeing inflows of $20 million, while Sweden, Germany, and Canada saw outflows of $32 million, $35 million, and $23 million, respectively. Bitcoin accounted for 94% of the inflows, totaling $1.72 billion, despite recent price fluctuations causing short-sellers to double down, with an additional $22 million flowing into Bitcoin short investment products. Last week, Ethereum saw its largest single-week inflow since mid-July 2022, totaling $85 million, but its $14.6 billion in assets under management is still far below the peak of $23.7 billion. Polygon saw inflows of $7.6 million, accounting for 22% of its assets under management, while Solana saw outflows of $12 million.