For the third week running, digital asset investment products have recorded an outstanding inflow, which takes the year-to-date total to $14.9 billion. CoinShares also commented that last week, bitcoin exchange-traded products recorded $1.01 billion in inflows. This came in the wake of the expected optimism in the market following favorable readings from the latest FOMC minutes and the latest macro data.
After regulators in the U.S. last week gave the approval sign in favor of ether exchange-traded funds, the momentum has also seen Ethereum bring in $36 million in inflows. This cements the role of Ethereum even more strongly in the crypto space, and at a time when digital asset ETPs are at an all-time high of $98.5 billion.
Market flows have seen a 28% increase in the volumes of ETP trading for the week, rising to $13.6 billion. While the U.S. region still dominates investments in terms of flows, other regions, including Germany and Switzerland, exhibit huge activity as opposed to the outflows experienced by Hong Kong in their spot bitcoin ETFs.
