The report discusses the recent trends in digital asset investment. The report highlights that digital asset investment products saw the largest single weekly inflows since July 2022, totalling US$199m. This influx corrects almost half of the prior 9 consecutive weeks of outflows. Bitcoin was the primary beneficiary, seeing US$187m inflows last week, which represents 94% of the total flows. The report also mentions that the renewed positive sentiment is due to recent announcements from high-profile ETP issuers that have filed for physically backed ETFs with the US Securities & Exchange Commission.
- Bitcoin is leading the market: Bitcoin saw the largest inflows last week, totalling US$187m, which represents 94% of the total flows.
- Positive sentiment due to ETF applications: The recent positive sentiment in the market is attributed to high-profile ETP issuers filing for physically backed ETFs with the US Securities & Exchange Commission.
- Altcoins see minor inflows: Altcoins like XRP and Solana saw only minor inflows, suggesting that the current market sentiment is more favorable towards Bitcoin.