Record-Breaking Inflows! US Digital Asset ETFs Soar to $7.7B in Just Four Weeks Bitcoin Leads the Charge, Surpassing $700M Inflows Last Week Alone The digital asset management sector is on fire, with a staggering
$7.7 billion pouring into US crypto-backed investment products, as revealed by a recent CoinShares report.
James Butterfill, CoinShares' Head of Research, highlights that
Bitcoin is the star of the show, capturing a whopping
99% of the total inflows during this period.
In just one week, Bitcoin's inflows reached an impressive
$703 million, signaling a strong reversal in sentiment and shaking off any doubts about its price momentum.
Since the launch of spot Bitcoin ETFs on January 11,
the industry has witnessed an extraordinary influx of funds, while total outflows still stand at a substantial $6 billion. With a mind-boggling
$53 billion in assets under management globally, it's clear that digital assets are gaining serious traction among investors.
While trading volumes for exchange-traded products dipped slightly to $8.2 billion,
this figure remains well above the 2023 average of $1.5 billion per week – indicating sustained interest in this exciting market.
