Cryptocurrency NewsDigital Asset Inflows Surge to $742M

Digital Asset Inflows Surge to $742M

Last week, digital asset investment products experienced inflows of US $137 million. With some recent updates to previous weekly data, the total inflows for the past four weeks now amount to US$742 million. This marks the most substantial series of inflows since the last quarter of 2021.

Inflows into Bitcoin amounted to a total of US$140 million, accounting for 99% of all inflows. On the other hand, short bitcoin investment products experienced outflows for the 12th consecutive week, with a total of US$3.2 million.

Despite the recent price appreciation of Ethereum, there were outflows of US$2 million last week, solidifying its position as the asset with the highest outflows year-to-date.

According to the report, altcoins such as Solana, Polygon, and Litecoin witnessed modest inflows last week, with approximately US$0.5 million, US$0.5 million, and US$0.3 million respectively.


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