CoinShares Weekly Report: Last week, investment in digital assets remained hot, with Ethereum favored over Bitcoin year-to-date
According to the latest weekly report data from CoinShares, last week global digital asset investment products saw an inflow of $1.042 billion, marking the 12th consecutive week of net inflows, with a cumulative inflow of $18.962 billion year-to-date (YTD flows).
Meanwhile, driven by market buying, the assets under management (AuM) of global digital asset investment products have climbed to a historical high of nearly $188.156 billion.
From a country/region distribution perspective, the U.S. market performed strongly and dominated, attracting $1.025 billion in inflows in a single week. Following this were Germany and Switzerland, which recorded inflows of $38.5 million and $33.7 million, respectively, last week.
However, market sentiment in Canada, Sweden, Brazil, and Hong Kong was relatively sluggish, with outflows of $29.3 million, $19.2 million, $9.7 million, and $3 million, respectively, reflecting regional sentiment differences.
In terms of specific asset performance, last week, BTC digital asset investment products saw an inflow of $790 million, slowing from the average inflow of $1.5 billion over the past three weeks, indicating that as Bitcoin's price approaches historical highs, investors are becoming more cautious.
Meanwhile, ETH investment products added $226 million last week, recording inflows for the 11th consecutive week, bringing their cumulative inflow year-to-date to nearly $3.086 billion, accounting for 19.5% of their assets under management (AuM) of $15.864 billion, significantly higher than the 9.6% of their BTC investment products.
In summary, the outstanding annual performance of ETH digital asset investment products compared to BTC investment products further highlights the shift in investor sentiment towards a greater preference for ETH-related investment derivatives year-to-date.
