Digital Asset Inflows Hit $3.3B, Lifting AuM to $239B as Bitcoin, Ethereum, and Solana Surge: CoinShares

Core Insights - Digital asset investment products experienced significant inflows of $3.3 billion last week, driven by weaker U.S. macroeconomic data that increased demand for alternative assets [1][2] - Total assets under management (AuM) in the sector reached $239 billion, nearing the all-time high of $244 billion recorded in August [1] Regional Flows - The United States led regional inflows with $3.2 billion, followed by Germany with $160 million, indicating a strengthening sentiment among European investors [3] - Germany's inflows on Friday were noted as the second-largest daily inflows on record for the country [3] - Switzerland, however, experienced outflows of $92 million, reflecting mixed investor sentiment in certain European markets [4] Asset Performance - Bitcoin attracted $2.4 billion in inflows, marking the largest weekly inflow since July, while short-bitcoin products saw outflows, reducing their AuM to $86 million [5] - Ethereum reversed a trend of outflows, recording $646 million in inflows over four consecutive days, indicating a shift in investor sentiment [6] - Solana achieved its largest single-day inflow of $145 million on Friday, totaling $198 million for the week, showcasing rising institutional confidence [7] Altcoin Activity - Other altcoins like Aave and Avalanche experienced outflows of $1.08 million and $0.66 million respectively, suggesting a consolidation around larger, more established tokens [8] - The overall inflow data indicates a strong shift in sentiment towards digital assets as total AuM approaches record highs [8]