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Digital asset investment products have experienced a significant surge, with inflows totaling $2 billion over the past five weeks, reaching a remarkable $4.3 billion. This increase is accompanied by a 55% jump in trading volumes for ETPs, hitting $12.8 billion. The market’s positive momentum is largely attributed to anticipated U.S. monetary policy adjustments following weaker macroeconomic data.
In a striking regional trend, the U.S. dominated last week’s inflows, adding $1.98 billion, marking one of the largest single-day inflows ever recorded. The iShares Bitcoin ETF has notably eclipsed the Grayscale, with assets under management now standing at $21 billion. Bitcoin remains the primary benefactor, with significant inflows of $1.97 billion.
Altcoins also showed promising movements, with Ethereum and smaller cryptocurrencies like Fantom and XRP recording notable inflows. Ethereum’s inflows reached $69 million, their highest since March, possibly fueled by regulatory developments favoring spot-based ETFs.
