Digital asset ETFs recorded $245 million of net inflows last week, a slight step down as the inflow streak continues.
Bitcoin saw inflows of $519 million, potentially spurred by rumors of a US BTC reserve.
Ethereum ETFs saw huge inflows, but Grayscale's ETHE outflows prevailed over their success.
Digital asset products recorded net inflows of $245 million last week, sliding from $1.35 billion after a week of mixed sentiment. Meanwhile, the launch of Ethereum ETFs also sparked a surge in digital asset trading volume.
ETH ETFs stir high excitement among crypto ETF investors
Digital asset investment products saw minimal inflows in the past week, recording net inflows of $245 million as the inflow streak continued, according to a CoinShares report. This move pushed their year-to-date inflows to a record $20.5 billion. The recent debut of US spot Ethereum ETFs also boosted weekly trading volumes across crypto products to a two-month high of $14.8 billion.
Geographically, the US had net inflows of $272 million, potentially triggered by the Bitcoin Conference in Nashville and the increased role of crypto-centric voters in upcoming US elections. Switzerland also held strong, recording inflows of $40 million. Other countries that recorded net inflows include Canada and Australia, which had $2.5 million and $1.7 million, respectively.
