Ethereum leads record flows as digital asset products hit all-time high

In a historic week for digital assets, investment products saw their biggest weekly inflows ever, totaling $3.85 billion, surpassing the previous record set just weeks earlier.

This increase brought total inflows for the year to $41 billion, while assets under management increased to a new record of $165 billion, far exceeding the $83 billion AuM achieved during the 2021 cycle.

Ethereum dominates investment flows

According to CoinShares latest edition of “Digital Asset Fund Flows Weekly Report”, Ethereum was one of the main contributors. Over the past week, its inflows hit a record $1.2 billion, outpacing the effect of July’s ETF launches.

Bitcoin also posted an impressive $2.5 billion in inflows, bringing its YTD total to $36.5 billion. In contrast, short Bitcoin products have seen only modest inflows of $6.2 million, indicating that investors are cautious about betting against the recent rise in Bitcoin prices, a sentiment that is typically occurs after periods of strong price increases when higher short positions are more common.

CoinShares stated that Ethereum inflows have come at the expense of Solana, which recorded $14 million in outflows for the second week in a row. Multi-asset products also followed the trend with $6.3 million in inflows. Other assets on the CoinShares chart saw positive inflows, with XRP standing out with over $134 million.

Next up were Cardano, Binance, and Litecoin, which followed with inflows of $5.2 million, $3.3 million, and $2.1 million, respectively. Chainlink saw a smaller but still positive inflow of $0.7 million, indicating widespread bullish sentiment among investors.

Sweden, Hong Kong record departures

In terms of regional receipts, the United States led the way with $3.6 billion, followed by Switzerland, Germany, Canada and Australia, which recorded receipts of $160 million, $116 million, $14 million and $10 million, respectively. respectively. Brazil also saw a modest weekly take of $4.2 million.

However, Sweden and Hong Kong were the only countries to see outflows, with Sweden recording $18.9 million in outflows and Hong Kong handling $5.1 million in outflows for the week.

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