The digital asset market is experiencing a notable surge, with investment products seeing record weekly inflows of $2.7 billion. This brings the total year-to-date inflows to an impressive $10.3 billion, closely nearing the record $10.6 billion seen throughout the entirety of 2021. A significant rise in weekly trading turnover has also been observed, skyrocketing to $43 billion for the week, vastly outperforming the previous week’s record of $30 billion.
This influx has not only revitalized the market but has also propelled the total assets under management (AuM) to an all-time high of $94.4 billion. The AuM has seen a remarkable 14% increase over the last week alone, with a total rise of 88% since the beginning of the year.
Region-wise, the United States leads the pack with a substantial $2.8 billion in inflows. Switzerland and Brazil follow, with inflows of $21 million and $18 million, respectively. However, not all regions are experiencing net inflows; Canada, Germany, and Switzerland reported outflows totaling $35 million, $77 million, and $39 million, respectively.
Digital Asset Investment Surges
Bitcoin continues to be at the forefront of investor interest, witnessing $2.6 billion in inflows. These figures bring its year-to-date inflows to represent 14% of the total AuM. Despite recent hikes in its price, the market has observed continuous inflows into short Bitcoin positions, with an additional $11 million last week.
In contrast to Bitcoin’s steady dominance,
Other digital assets have also been on the receiving end of investor favoritism. Notably,
On the other hand, blockchain equities have faced a slight downturn, with total outflows amounting to $2.5 million. This indicates a shifting focus among investors, possibly tilting towards direct digital asset investments over blockchain-related stocks.
The recent trends underscore a growing confidence and interest in digital assets, signaling a potentially transformative period for the market. As institutional and retail investors alike continue to navigate this evolving landscape, the digital asset sector appears poised for further growth and diversification.