Digital asset investment products saw record-breaking inflows of $2.45 billion, raising total assets under management to $67 billion, with Bitcoin dominating, benefiting major players like Avalanche, Polygon and Chainlink.
Digital asset investment products saw record-breaking inflows last week, totaling $2.45 billion according to the latest report from CoinShares Research. This massive influx, coupled with recent price increases, has pushed total assets under management (AuM) to $67 billion – the highest level since December 2021.
The United States accounted for 99% of total inflows at $2.4 billion. This represents a major acceleration of net inflows, widely distributed among various providers, signaling surging interest in spot-based ETFs. Meanwhile, outflows from incumbent players have dramatically decreased.
Bitcoin dominated inflows, taking in over 99% of the total. Some investors did take the opportunity to add to short bitcoin positions, which saw inflows of $5.8 million….