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Digital asset investment products have experienced a significant influx totaling $1.9 billion last week. This surge brings the year-to-date inflows to $4.8 billion. The increase follows recent presidential executive orders promoting Bitcoin as a strategic reserve asset. Notably trading volumes reached $25 billion last week accounting for 37% of all transactions on trusted crypto exchanges.
The US led the regional inflows with $1.7 billion heightened by optimistic sentiment from the executive order news. Other notable increases were seen in Canada Switzerland and Germany with inflows of $31 million $35 million and $23 million respectively. Bitcoin dominated the sector with $1.6 billion in inflows this year making up 92% of the total. Following recent highs the market saw a rise in short-Bitcoin ETFs with inflows of $5.1 million.
Altcoins also saw positive movements with Ethereum and XRP securing inflows of $205 million and $18.5 million. Smaller digital assets like Solana Chainlink and Polkadot reported inflows of $6.9 million $6.6 million and $2.6 million. Notably this past week did not record any outflows from digital asset investment products.
