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Amid a recent downturn, digital asset investment products experienced a significant influx of funds, totaling $176 million. This surge is viewed by many as a strategic move to capitalize on lower prices. Notably, Ethereum led the gains, drawing $155 million in new investments. The market’s resilience is further highlighted by the recovery of total Assets Under Management (AUM) from $75 billion to $85 billion after a $20 billion correction.
Investment activity in exchange-traded products (ETPs) spiked, with transactions reaching $19 billion over the week, substantially above the yearly average of $14 billion. All regions, including the US, Switzerland, Brazil, and Canada, reported positive inflows, underscoring a global consensus on the asset class’s potential post-correction.
Additionally, Bitcoin’s dynamics shifted as the week progressed, culminating in $13 million in inflows. Conversely, Short Bitcoin ETPs witnessed their most significant outflows since May 2023, indicating a decrease in bearish sentiment among investors. This pivot away from short positions suggests a broader confidence in the market’s future trajectory.
