Bitcoin inflows slowed to $790 million, while Ethereum continued outperforming with $226 million inflows.
Last week, digital asset investment products saw $1.04 billion in inflows. The figure marks twelve straight weeks of positive momentum, logging total inflows at $18 billion. Price increases during the week lifted total assets under management to a record $188 billion.
Meanwhile, trading volumes hit $16.3 billion, which aligned with the average weekly volume observed in the year so far.
The latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report revealed Bitcoin investment products attracted $790 million in inflows last week, a slowdown from the previous three-week average of $1.5 billion. The asset manager explained that this deceleration hints at growing caution among investors as Bitcoin nears its record highs.
This sentiment is further validated by a minor $0.4 million in inflows to short-bitcoin products in a turnaround from the previous week’s direction.
Meanwhile, Ethereum saw its 11th straight week of inflows as it added $226 million and pushed the total for this period to $2.85 billion. On a relative basis, Ethereum’s weekly inflows have averaged 1.6% of its assets under management, which is notably higher than Bitcoin’s 0.8%, which points to a change in sentiment toward Ethereum.
Next up was Solana with inflows of $21.6 million, followed by XRP with $10.6 million, and Sui at $1.6 million during the same period. Chainlink and Cardano also saw modest but steady inflows, as each attracted $0.5 million and $0.4 million, respectively, over the week.
On the other hand, the multi-asset product was the only category that flashed red across the leaderboard as it witnessed $12.4 million in outflows.
The United States topped regional inflows last week with $1 billion, followed by Germany at $38.5 million and Switzerland at $33.7 million over the past week. Australia also saw a smaller inflow of $4.1 million.
Contrastingly, Canada and Sweden experienced weaker sentiment, recording outflows of $29.3 million and $19.2 million, respectively. Brazil and Hong Kong also saw capital leaving, as they saw outflows of $9.7 million and $3 million.
