CoinShares: Last week, net inflows into digital asset investment products reached $1.3 billion, marking five consecutive weeks of inflows

According to ChainCatcher news, data from CoinShares' latest weekly report shows that digital asset investment products saw inflows for the fifth consecutive week, totaling $1.3 billion, bringing the year-to-date inflow to $7.3 billion. Recent price declines have caused the total assets under management of ETPs to drop from a record high of $181 billion at the end of January to $163 billion. This week, trading volume stabilized at $20 billion.

By region, inflows in the U.S. amounted to $1 billion, although buying on dips is quite common. Most other regions also experienced inflows, with the most notable being Germany, Switzerland, and Canada, which saw inflows of $61 million, $54 million, and $37 million, respectively.

Bitcoin inflows totaled $407 million, and global ETPs currently account for 7.1% of the current market capitalization, making it the largest holder relative to any other entity. This week, Ethereum became the focus, with its price recently dropping to nearly $2,100, triggering significant buying on dips, leading to inflows of $793 million, surpassing Bitcoin for the first time this year.