Digital Asset Inflows Surge to $3.3 Billion: Bitcoin Leads the Way

In a remarkable week of investment activity, digital asset inflows reached a record-high of $3.3 billion. Bitcoin dominated the inflow landscape, attracting nearly a quarter of all 2024 investments – a testament to its enduring appeal and increasing market dominance. A recent report by Coinshares highlights the rising investor confidence amidst economic uncertainty and decreased trust in traditional markets, fueled by concerns like Moody’s downgrade of U.S. credit and subsequent rise in bond yields. This week saw notable activity in short-Bitcoin products too, attracting $12.7 million – their highest weekly inflow since December 2024 – indicating a hedging strategy against potential price fluctuations. Ethereum also experienced a robust surge in inflows, exceeding $326 million for the fifth consecutive week, suggesting continued market recovery and positive sentiment. In contrast, XRP suffered a significant shift, breaking its 80-week streak of inflows with an outflow of $37.2 million. This suggests a potential change in investor confidence or a strategic adjustment to current market positioning.