Digital asset investment products have experienced a surge in inflows, with a remarkable $137 million pouring in over the past week. This marks the largest consecutive weekly buying spree since the final quarter of 2021, according to a report by European digital asset management firm CoinShares.
The total inflows over the past four weeks, after making adjustments to previous weekly data, have reached an impressive $742 million. In addition, trading volumes for crypto investment products continue to surpass the yearly average of $1.4 billion, reflecting strong market activity.
CoinShares’ weekly reports provide a comprehensive overview of investment flows in popular crypto-related exchange-traded products, mutual funds, and over-the-counter trusts. These reports cover cryptocurrencies such as Bitcoin, Ethereum, and various altcoins.
Last week alone, trading volumes in this sector reached a staggering $2.3 billion, highlighting the robust activity and growing investor interest. According to James Butterfill, head of research at CoinShares, these volumes accounted for a significant proportion of the total cryptocurrency trading volumes, reaching 11% compared to the average of 2%.
The substantial inflows and increasing trading volumes demonstrate the continued investor confidence and interest in digital assets, particularly Bitcoin, as a key investment vehicle in the evolving crypto market.
