Digital asset investment vehicles attracted $2.2 billion in inflows last week, marking the most substantial weekly total this year, as highlighted in Coinsharesā latest analysis authored by James Butterfill.
Coinshares: Digital Asset Inflows Surge to Record $2.2 Billion in a Single Week
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XRP Rockets With $31 Million Inflows Amid Crypto Boom
Coinshares noted that his influx, linked to elevated investor confidence, propelled total assets under management to an unprecedented $171 billion. Bitcoin ( BTC) claimed the lionās share of these inflows, with $1.9 billion added, driving its year-to-date total to $2.7 billion.
Ethereum ( ETH) also experienced a notable turnaround, receiving $246 million in inflows after earlier outflows this year. However, despite this positive momentum, ethereum continues to trail other digital assets in cumulative year-to-date fund flows.
XRP recorded an additional $31 million in inflows over the past week. Since mid-Nov. 2024, XRP has amassed an impressive $484 million in total inflows, reflecting significant and sustained investor interest. Meanwhile, smaller allocations were observed in solana (SOL) and stellar ( XLM), with inflows of $2.5 million and $2.1 million, respectively, as activity in other altcoins remained subdued.
Exchange-traded product volumes reached $21 billion last week, equating to 34 percent of total bitcoin trading activity across reputable exchanges. Geographically, the United States was the dominant contributor, accounting for $2 billion in inflows, while Switzerland and Canada followed with contributions of $89 million and $13 million, respectively.
Coinshares identified an intriguing anomaly in bitcoin short-position flows, which saw outflows totaling $0.5 million despite the assetās recent price momentum. Historically, such price increases have corresponded with inflows into short positions, making this deviation an intellectually compelling point of interest.
