Digital Asset Inflows Surge for Fifth Consecutive Week

According to PANews, the latest CoinShares weekly report reveals that digital asset inflows reached $785 million last week, marking the fifth consecutive week of inflows. This surge has brought the year-to-date total to $7.5 billion, fully recovering from the outflows experienced between February and March. The United States led with $681 million, followed by Germany with $86.3 million and Hong Kong with $24.2 million, the latter achieving its largest weekly inflow since November last year. Conversely, Sweden, Canada, and Brazil saw outflows of $16.3 million, $13.5 million, and $3.9 million, respectively. Bitcoin maintained its lead with $557 million in inflows, although this was a slowdown compared to the previous week. Short products recorded $5.8 million in inflows, indicating cautious market sentiment towards the Federal Reserve's hawkish stance. Ethereum emerged as a highlight, with $205 million in weekly inflows, driven by the Pectra upgrade and management changes, bringing its year-to-date inflows to $575 million. Solana was the only ETP product to experience outflows, with a minor net outflow of $8.9 million.