Digital Asset Investments Surge by $3.3 Billion in a Week, Year-to-Date Total Climbs to $10.8 Billion

Investor interest in digital assets remains robust, with inflows reaching $3.3 billion over the past week. This surge has pushed year-to-date (YTD) inflows to a new record of $10.8 billion, while assets under management (AuM) hit a peak of $187.5 billion, the highest level recorded.

The US accounted for the majority of last week’s inflows, contributing $3.2 billion, while other notable regions included Germany ($41.5 million), Australia ($10.9 million), and Hong Kong ($33.3 million). Meanwhile, Switzerland saw outflows of $16.6 million, as investors capitalized on recent price rallies to realize profits.

Bitcoin continues to dominate digital asset flows, attracting $2.9 billion in inflows—amounting to approximately a quarter of all inflows so far in 2024. At the same time, short-Bitcoin products experienced renewed interest, with inflows of $12.7 million, marking their strongest weekly gain since December 2024. This suggests that some investors are preparing for potential downward corrections.

Ethereum also experienced positive momentum, securing $326 million in inflows—the largest in 15 weeks. This marks the fifth straight week of growth for Ethereum-focused investment products, reflecting a steady improvement in market sentiment.

One notable development was the end of XRP’s 80-week streak of consistent inflows. This came to a halt with a record $37.2 million in outflows, signaling a potential shift in investor confidence regarding the asset.

The broader inflow trend appears to be driven by macroeconomic uncertainty, including concerns stemming from Moody’s downgrade of the US credit outlook and rising Treasury yields. These conditions seem to be prompting investors to diversify their portfolios with digital assets.