Digital Asset ETP Inflows Hit $716M as Bitcoin, Ethereum and XRP Lead Weekly Gains: CoinShares

Core Insights - Digital asset investment products experienced significant inflows, with weekly inflows reaching $716 million, bringing total assets under management to $180 billion [1][4] - Despite being below the all-time high of $264 billion, the steady inflows indicate a gradual rebuilding of investor confidence in the cryptocurrency market [2][3] Investor Sentiment - Investor confidence is improving, as evidenced by three consecutive weeks of modest inflows, reflecting a "cautious yet increasingly optimistic" investor base [3] - The recent interest rate cut by the US Federal Reserve has led to mixed price performance, but overall demand remains strong amid macroeconomic uncertainty [4] Geographic Distribution of Inflows - The US dominated regional inflows, accounting for $483 million of the weekly total, followed by Germany with $96.9 million and Canada with $80.7 million [5] - Over a longer timeframe, the US continued to lead with $796 million in inflows last week, while Germany and Canada also posted positive inflows of $68.6 million and $26.8 million respectively [6] Asset-Specific Performance - Bitcoin attracted the largest share of inflows at $352 million, although it has seen lower year-to-date inflows of $27.7 billion compared to $41 billion in the same period of 2024 [7] - Ethereum recorded $338 million in weekly inflows, bringing its year-to-date total to $13.3 billion, a 148% increase from 2024, indicating growing institutional interest [8] - XRP also showed strong demand with $245 million in inflows, while Chainlink achieved a record weekly inflow of $52.8 million, representing 54% of its total assets under management [8]