According to CoinShares Report: Digital asset investment products have reported an upward spike with inflows totaling $176 million last week and accumulative inflows of $1.76 billion over the past ten weeks. This trend marks the strongest series of inflows since the launch of the futures-based ETF in the US in October 2021 and amounts to 4% of total assets under management (AuM).
The total AuM has seen impressive growth in 2021, rising by 107% to date. Despite this, it is still below the 2021 record high of $86.6 billion with recent figures at $46.2 billion. Trading volumes for exchange-traded products (ETPs) last week remained heavy at $2.6 billion, constituting 12% of total Bitcoin volumes.
On the geographical front, significant inflows were seen in Canada, Germany, and the US, each reporting inflows of $79 million, $57 million, and $54 million, respectively. Hong Kong saw minor outflows totaling $15 million, and Asia overall witnessed year-to-date net outflows, despite its smaller total AuM and the limited number of ETP options.
Bitcoin led the pack, with inflows of $133 million, followed by Ethereum allocating a further $31 million inflows. These numbers bring Ethereum's five-week inflows to $134 million, marking a positive annual net inflow for the first time at $10 million.
Additionally, blockchain equities experienced seven straight weeks of inflows, culminating in last week's inflow of $17.4 million, marking the more substantial weekly inflow since July 2022. Digital asset investments are showing clear signs of recovery and growth after a turbulent year, attracting significant investments and reviving confidence in the digital asset ecosystem.
