The year-to-date inflows into digital assets have set a new record, reaching $29.2 billion, with last week's inflows totaling $2.2 billion. This was reported in the latest digital asset inflow report by Coinshares' head of research, James Butterfill.
Coinshares: Digital Asset Inflows Reach Record Levels
With inflows amounting to $2.2 billion, bitcoin (BTC) was identified as the primary asset driving the surge in Coinshares' analysis.
Due to the inflows of the past week and previous increases in price, the total assets under management (AUM) have now exceeded $100 billion for the second time in history, reaching levels last seen in early June 2024, at $102 billion. Weekly trading volumes rose by 67% to $19.2 billion, accounting for 35% of all bitcoin transactions on reliable exchanges.
The United States was responsible for the majority of the inflows, with moderate contributions from Germany ($5.1m), Australia ($2.1m), and Hong Kong ($0.7m) demonstrating a diverse global investment landscape.
Ethereum (ETH) saw a stark contrast to bitcoin's bullishness, with modest inflows totaling $9.5 million. Conversely, Solana saw an additional $5.7 million in inflows last week. There were also minor inflows into various other altcoins, with Polkadot ($0.67m) and Arbitrum ($0.2m) particularly notable.
The surge in digital asset investments could signal the increasing likelihood of a Republican victory in the U.S. elections. Donald Trump's pro-crypto stance has led investors to use digital assets as a hedge against the volatile global political and economic environment.