Digital Assets See $858M Weekly Inflows

Digital asset investment products recorded net inflows of $858 million last week, marking the sixth consecutive week of positive flows and the strongest weekly total since late April, according to CoinShares. The surge, led by Bitcoin products with $706 million, coincided with Bitcoin surpassing $80,000 and lifted total assets under management above $160 billion, the highest level since February.

Bitcoin dominated the inflows, bringing year-to-date totals for Bitcoin-related products to $4.9 billion. Short-Bitcoin funds saw $14 million in outflows, the largest weekly redemption in that category this year, as investors reduced bearish positions amid the price rally. Ethereum products reversed prior-week outflows of $82 million, attracting $77 million, while Solana and XRP drew $48 million and $40 million, respectively. Multiasset products posted minor outflows of $6 million.

United States-listed products led regional flows with $777 million, a sharp rebound from $48 million the previous week. Germany contributed $51 million, Switzerland $21 million, and the Netherlands $5 million. Among issuers, BlackRock's iShares ETFs recorded $733 million, followed by ARK 21Shares with $52...