Digital Asset Investment Products’ YTD Inflows Skyrocket Above $13B: CoinShares

Digital Asset Investment Products have experienced a significant surge in inflows, exceeding $13 billion this year, according to CoinShares. The recent influx of $646 million has contributed to this all-time high, surpassing the $10.6 billion recorded in 2021. However, the enthusiasm surrounding spot Bitcoin ETFs has diminished, with weekly flow levels failing to reach the heights seen earlier this year. CoinShares also noted that investor sentiment varied across regions, with the United States, Brazil, Hong Kong, and Germany experiencing inflows, while Switzerland and Canada witnessed outflows. In terms of specific cryptocurrencies, Bitcoin remains the primary focus for investors, with Ethereum facing outflows for the fourth consecutive week. In contrast, altcoins such as Litecoin, Solana, and Filecoin saw inflows. Other cryptocurrencies, including Polkadot, Cardano, and XRP, also experienced minor inflows during this period.