In the last week, digital asset funds received $1.2 billion in inflows, marking a fifth consecutive week of positive momentum. CoinShares, a crypto asset manager, revealed that year-to-date inflows now stand at an unprecedented $31.3 billion, resulting in a new all-time high for global assets under management: $116 billion.
CoinShares’ head of research, James Butterfill, pointed out that trading volumes for exchange-traded products (ETPs) rose to $20 billion during this period – their highest level since April.Bitcoin and the US lead inflowsCoinShares reported that Bitcoin attracted $1.8 billion in inflows last week, contributing to a $9 billion influx since the Federal Reserve’s interest rate cut in September.
Butterfill attributed this momentum to favorable macroeconomic conditions and significant changes in the US political landscape that boosted investors’ confidence in the market. He said: “A combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment.”Notably, US-based funds accounted for $1.95 billion of the $1.98 billion in inflows, followed by Switzerland at $23 million and Germany at $20 million.
Notably, the US Bitcoin ETF sector remained particularly active, with BlackRock’s IBIT fund drawing in roughly $1.3 billion, while outflows from Grayscale’s products continued to decline. Market observers noted that the strong inflows into IBIT indicate a growing interest in Bitcoin-backed financial products.
Additionally, these flows also point to the broader trend of digital assets gaining traction within mainstream investment portfolios.Ethereum and altcoins show renewed interestEthereum also experienced a surge in inflows, drawing $157 million, its highest weekly figure since exchange-traded funds launched in July.
This uptick signals renewed interest in ETH among institutional investors. Other altcoins saw modest gains as well. Solana, Uniswap, and TRON posted inflows of $3.9 million, $1 million, and $0.5 million, respectively. Meanwhile, blockchain equities attracted an additional $61 million, underscoring rising demand across the digital asset space.
