Digital asset investment products saw strong inflows of $3.3 billion last week, driven by weaker U.S. macroeconomic numbers. Total assets under management reached $239 billion, close to a record high. Institutional interest in digital assets is growing, with Bitcoin attracting the most inflows and Ethereum experiencing a turnaround.
The United States led in inflows with $3.2 billion, followed by Germany with $160 million. However, Switzerland saw $92 million in outflows. Bitcoin dominated inflows, while Ethereum and Solana also saw significant inflows. Altcoins like Aave and Avalanche experienced outflows, indicating investor consolidation around larger tokens.
Solana had a standout week, attracting $198 million in total inflows. With total assets under management nearing record levels, the data reflects a positive shift in sentiment towards digital assets amidst uncertain macroeconomic conditions.
Read more at Yahoo Finance: Digital Asset Inflows Hit $3.3B, Lifting AuM to $239B as Bitcoin, Ethereum, and Solana Surge: CoinShares
