Year-to-date inflows for digital assets have reached a new peak of $29.2 billion, with inflows of $2.2 billion in the last week alone. This information comes from the latest digital asset inflow report by James Butterfill, head of research at Coinshares.
Coinshares: Record Numbers for Digital Asset Inflows
The inflows of $2.2 billion last week were predominantly into bitcoin (BTC), identified by Coinshares’ analysis as the primary asset driving this surge.
Following the inflows of the past week, combined with previous price increases, the total assets under management (AUM) have exceeded $100 billion for the second time in history, achieving levels last seen in early June 2024 at $102 billion. Weekly trade volumes saw a 67% increase to $19.2 billion, representing 35% of all bitcoin transactions on reputable exchanges.
The United States accounted for the majority of these inflows, with significant contributions from Germany ($5.1m), Australia ($2.1m), and Hong Kong ($0.7m), demonstrating a wide-ranging global investment landscape.
In stark contrast to bitcoin’s bullish trend, Ethereum (ETH) saw modest inflows of $9.5 million. Meanwhile, Solana experienced an increase in inflows by an additional $5.7 million last week. There were also minor inflows into various altcoins, with Polkadot ($0.67m) and Arbitrum ($0.2m) being notable.
The surge in digital asset investments may reflect the increasing likelihood of a Republican victory in the U.S. elections. Donald Trump’s favorable stance towards cryptocurrencies has led investors to use digital assets as a hedge against the volatile global political and economic environment.
