Digital asset investment products saw a significant reversal last week, recording inflows of $1.03 billion and effectively snapping a five-week streak of outflows. This resurgence brings the year-to-date inflows to a record-breaking $13.8 billion, significantly surpassing the previous annual high of $10.6 billion seen in 2021. Bitcoin was the primary driver of this growth, accounting for $1.01 billion of the total weekly inflows. The renewed investor appetite was largely centered on U.S.-based spot Bitcoin ETFs, which experienced a surge in volume after a month of stagnation. Ethereum also broke its negative trend, posting modest inflows as market sentiment improved. Regionally, the United States dominated the activity, though Switzerland and Germany also contributed positive figures. Analysts attribute this sudden shift to cooling macroeconomic pressures and a renewed institutional interest in crypto-assets following a period of price consolidation.
Source: Bitcoin, Ethereum ETFs Snap Five-Week Losing Streak as Crypto Funds Add $1 Billion
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