Digital Assets See $1.1B Inflows Last Week

Digital asset investment products recorded $1.1 billion in inflows last week, the highest weekly total since early January and the second-largest of the year so far. The surge, reported by CoinShares, reflected renewed investor confidence amid easing geopolitical tensions and softer-than-expected U.S. inflation and spending data.

Bitcoin dominated the flows, attracting $871 million and pushing its year-to-date total to nearly $2 billion. This accounted for about 83 percent of the year's overall crypto investment inflows, which stand at $2.3 billion. Ethereum also saw a rebound, with $196.5 million in inflows after three weeks of outflows, though it remains in a net outflow position for the year at $130 million. Other assets showed mixed results: XRP drew $19.3 million, while Solana experienced small outflows of $2.5 million. Multi-asset products added $3 million, and Chainlink gained $1.3 million, but Sui and Litecoin posted minor losses of $2.4 million and $0.4 million, respectively.

U.S.-based investors drove nearly all the activity, contributing $1.06 billion, or 95 percent of the total. Spot Bitcoin exchange-traded funds in the U.S. alone saw $786.3 million in inflows, with...