Digital asset funds saw fourth week of inflows with $882m

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Digital asset investment products experienced its fourth consecutive week of inflows after seeing $882 million in gains last week, bringing its YTD inflows to $6.7 billion according to CoinShares.In the previous week, digital asset investment products recorded $882 million in global inflows last week. This injection of capital gains marks the fourth week of inflows into the digital asset market and brings the total year-to-date inflows to $6.7 billion. BlackRock’s iShares ETF’s contributed the largest share of inflows last week with $1.02 billion. However, this large amount was offset by outflows from Grayscale, Bitwise, CoinShares XBT as well as other products, which amounted to around $257 million in outflows.The firm’s head of research James Butterfill attributed the rise in both prices and inflows as being driven by multiple factors in the market, some of which include an increase in M2 money supply and stagnant inflation risks in the U.S. On the bright side, Butterfill noted that more U.S. states have started approving bills that involve Bitcoin as a strategic reserve asset, paving the way for wider crypto acceptance in the market.Crypto flows recorded last week by asset type and provider | Source: CoinShares When measured by region, the United States have maintained its position as the largest contributor for inflows, accumulating as much as $840 million. This was followed by Germany with $44.5 million and Australia with $10.2 million inflows. On the other hand, Sweden saw the largest outflows out of all the countries listed with $12 million. Meanwhile, Hong Kong and Canada experienced modest outflows of $8 million and $4.3 million respectively.Bitcoin (BTC) continues to dominate inflows with $867 million last week. BTC also managed to reach a major milestone, as U.S. listed ETFs accumulated net inflows of $62.9 billion since they were launched in January 2024, as noted by CoinShares. Therefore, BTC inflows have surpassed its previous all-time high of $61.6 billion that was set in early February.Compared to Bitcoin, Ethereum (ETH)’s inflows still have a long way to go, contributing a meager $1.5 million from the grand total. In contrast, Sui (SUI) was able to surpass major tokens like Solana (SOL) and Ethereum with $11.7 million inflows. In fact, Sui has now attracted $84 million in year-to-date inflows, effectively overtaking Solana’s $76 million year-to-date inflows. Source link