Inflows into digital asset investment products totaled $2.45 billion last week, with weekly inflows hitting a record high and year-to-date inflows reaching $5.2 billion. These inflows, coupled with recent positive price action, pushed total assets under management (AuM) to $67 billion, the highest level since December 2021. Regionally, the United States dominates, accounting for 99% of inflows, totaling $2.4 billion. Other regions such as Germany and Switzerland saw inflows of $13 million and $1 million respectively, while outflows from Sweden totaled $2 million.

Bitcoin accounted for over 99% of inflows, although some investors took the opportunity to increase short Bitcoin positions (this position received $5.8 million in inflows). Ethereum also benefited from $21 million in inflows. Solana’s recent outage affected market sentiment, leading to a $1.6 million outflow. Avalanche, Chainlink and Polygon have inflows of US$1 million, US$900,000 and US$900,000 respectively, with continuous inflows every week this year.

Blockchain stock ETF investors decided to take profits last week, with outflows totaling $167 million.