Digital assets record 10th straight week of inflows, totaling $1.24B

Digital asset investment products saw inflows of $1.24 billion last week, pushing year-to-date (YTD) figures to a record $15.1 billion, according to the latest report by James Butterfill, Head of Research at CoinShares.

Activity slowed mid-week, likely due to the Juneteenth holiday in the U.S. and early reports of American involvement in the Iran conflict.

Geographically, the U.S. led inflows with $1.25B, followed by Canada ($20.9M) and Germany ($10.9M). Outflows were reported in Hong Kong ($32.6M) and Switzerland ($7.7M).

Bitcoin posted $1.1B in inflows for a second consecutive week, signaling buy-the-dip sentiment despite recent price corrections. Short-Bitcoin saw mild outflows of $1.4M.

Ethereum marked its ninth straight week of inflows, totaling $124M — its longest positive streak since summer 2021 — bringing its cumulative inflows this cycle to $2.2B.

Other notable inflows: Solana ($2.78M) and XRP ($2.69M).