Digital asset investing products are approaching record levels. Inflows reached $901M last week, bringing the year-to-date total to $27B. This roughly triples the previous record, established in 2021.
The US led regional inflows with $906M. Germany and Switzerland experienced slight advances. Canada, Brazil, and Hong Kong also had small outflows. Bitcoin remains the major focus, receiving $920M in inflows. This rise is likely due to US political dynamics, particularly Republican wins in recent polls. Short Bitcoin holdings experienced a $1.3M outflow.
Ethereum, however, faces some difficulties, with $35M in outflows. Solana performed better, receiving the second-highest inflows, $10.8M.
Blockchain stocks show indications of resurgence. They recorded inflows for the third week in a row, totaling $12.2M. This reflects stronger market sentiment, particularly in the United States.
The current spike is the fourth-highest monthly inflow on record. It accounts for 12% of all assets under management. The cryptocurrency market's revival is evident. Bitcoin is leading the surge, with other assets showing mixed results.
