For the fifth consecutive week, digital asset funding merchandise attracted inflows, amounting to $785 million. This pushed entire inflows for the 365 days to $7.5 billion, eclipsing the old high of $7.2 billion seen in February. The influx has now erased the $7 billion in outflows from the February-March downturn.
Curiously, Ethereum stood out with solid efficiency.
In step with the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Document, Ethereum skilled $205 million in inflows last week, bringing its 365 days-to-date entire to $575 million. This used to be indicative of a renewed investor self belief after the Pectra upgrade finally went reside on May per chance presumably 7th, following a assortment of delays, apart from the appointment of co-government director Tomasz Stańczak.
Bitcoin also saw significant inflows of $557 million, though down from the old week, presumably influenced by the Federal Reserve’s continued hawkish stance. Within the period in-between, short-bitcoin merchandise attracted $5.8 million for the fourth consecutive week, which recommended investor hedging as costs climb.
Staunch by the same duration, Sui and XRP recorded inflows of $9.3 million and $4.9 million, respectively, whereas Cardano and Chainlink posted smaller inflows of $0.5 million and $0.2 million. On the rather a lot of hand, Solana witnessed $0.89 million in outflows, and multi-asset merchandise saw a greater $2.9 million in withdrawals.
Regional investor sentiment showed clear divisions. The US, for one, saw solid weekly inflows of $681 million, with Germany and Hong Kong contributing $86.3 million and $24.2 million, marking Hong Kong’s biggest since November 2024. Australia and Switzerland followed with modest inflows of $13.5 million and $2.7 million, respectively.
Nonetheless, sentiment soured in Sweden, Canada, and Brazil, which recorded outflows of $16.3 million, $13.5 million, and $3.9 million over the past week, respectively.
