CoinShares Research Weekly Report: Digital Asset Funds Saw Inflows of $2.7 Billion Last Week
According to the CoinShares Research Weekly Report, global digital asset funds saw an additional $2.7 billion last week, achieving a continuous net inflow for 11 weeks, bringing the total inflow year-to-date to $17.8 billion. This strong investor demand is primarily driven by factors such as escalating geopolitical tensions and uncertainty in monetary policy direction.
Among them, Bitcoin continued to lead in inflows, attracting $2.2 billion last week (81% of the total weekly inflow), while short Bitcoin fund products saw outflows of $2.9 million during the same period, with a cumulative outflow of only $12 million year-to-date, reflecting the overall bullish sentiment in the BTC market this year.
Next, Ethereum saw a weekly inflow of $429 million, bringing its cumulative inflow for the year to $2.9 billion. XRP had inflows of $10.6 million last week, with a cumulative inflow of $219 million for the year. Solana saw inflows of $5.3 million last week, totaling $91 million year-to-date. Sui had inflows of $1.4 million last week, with a cumulative total of $4.7 million for the year.
Additionally, Chainlink and Cardano saw weekly inflows of $800,000 and $700,000, respectively, with cumulative inflows of $24 million and $10 million for the year. Multi-asset products saw a slight increase of $200,000 last week, bringing the total inflow for the year to $58 million, while Litecoin has seen an inflow of $5 million so far this year.
From a country/region perspective, last week's inflows were primarily from the United States, reaching $2.65 billion; Switzerland, Germany, and Australia registered inflows of $23 million, $19.8 million, and $8.7 million, respectively.
In contrast, Sweden, Canada, Brazil, and Hong Kong saw outflows of $15.9 million, $13.6 million, $2.4 million, and $2.3 million, respectively, last week.
Additionally, in the discussion of the Senate tax bill at the end of June, Bitcoin also experienced a rebound, catching up with the stock market. Institutions like Strategy and Metaplanet steadily increased their holdings, boosting market confidence.
Ethereum and Solana have created an optimistic market sentiment due to the review of potential ETH and SOL staking ETFs. However, the options market remains flat in terms of its risk reversal indicators, with implied volatility close to historical lows, leaving the market outlook uncertain.
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