Last week, Bitcoin continued to dominate the digital asset investment landscape, attracting inflows totaling $703 million, which accounted for a staggering 99% of all inflows in the sector.<\/p>\n\n\n\n
Investment products for digital assets as a whole received significant interest, with total inflows reaching $708 million for the week. This boosted year-to-date inflows to $1.6 billion, pushing the total global assets under management in the digital asset space to $53 billion.<\/p>\n\n\n\n
While trading volumes in Exchange-Traded Products (ETPs) dropped slightly to $8.2 billion compared to the previous week’s $10.6 billion, they still surpassed the 2023 weekly average of $1.5 billion. These volumes represented 29% of Bitcoin’s overall trading activity on trusted exchanges, according to the latest report from CoinShares.<\/p>\n\n\n\n
Solana Shines Amid Market Rebound<\/p>\n\n\n\n
After a period of subdued performance, investment products focused on Solana showed renewed strength, particularly as the broader market experienced a rebound. Solana saw inflows of over $13 million last week, outperforming Ethereum and Avalanche, which recorded outflows of $6.4 million and $1.3 million, respectively, during the same period. Other altcoins such as Cardano, Litecoin, and XRP also saw minor inflows of $0.6 million, $0.3 million, and $0.1 million, respectively.<\/p>\n\n\n\n
Bitcoin Remains in the Spotlight<\/p>\n\n\n\n
Despite the strength in other digital assets, Bitcoin continued to be the primary attraction for investors. The report revealed that Bitcoin garnered inflows of $703 million last week, making up an overwhelming 99% of all inflows into digital asset investment products.<\/p>\n\n\n\n
On the flip side, short positions in Bitcoin saw slight outflows of $5.3 million, aligning with a reversal of the previous negative price momentum.<\/p>\n\n\n\n
US Investment Scene Thrives<\/p>\n\n\n\n
In the United States, the digital asset investment scene remained vibrant, with inflows reaching $721 million last week. This was partly driven by newly issued ETFs, which attracted $1.7 billion in inflows. These ETFs, introduced on January 11th, have maintained an average of $1.9 billion in weekly inflows over the past four weeks, accumulating total inflows of $7.7 billion.<\/p>\n\n\n\n
However, this surge was offset by outflows from established issuers, totaling $6 billion. Nevertheless, recent data suggests a significant slowdown in the pace of these outflows.<\/p>\n\n\n\n
Regionally, Switzerland, Germany, and Brazil recorded weekly inflows of $20.9 million, $3.5 million, and $1.3 million, respectively, followed by Australia and France with $0.9 million and $0.1 million in inflows. In contrast, Canada and Sweden experienced outflows of $31.3 million and $8.2 million, respectively, during the same period.<\/p>","protected":false},"excerpt":{"rendered":"
Last week, Bitcoin continued to dominate the digital asset investment landscape, attracting inflows totaling $703 million, which accounted for a staggering 99% of all inflows in the sector.<\/p>","protected":false},"author":1,"featured_media":4350,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[49,42],"class_list":["post-4349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ether","tag-nft"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=4349"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4349\/revisions"}],"predecessor-version":[{"id":4351,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4349\/revisions\/4351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4350"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}