Weekly investment inflow in digital asset products reached a record $1.04 billion last trading week, bringing total assets in the stock market to a record $188 billion and marking the 12th consecutive week of increased investment inflows. This is a historic high. Trading volumes reached $16.3 billion, which is in line with this year’s weekly average.
The largest inflows were observed in the United States ($1 billion), followed by Germany and Switzerland with $38.5 million and $33.7 million, respectively. On the other hand, Canada and Brazil experienced outflows of $29.3 million and $9.7 million, respectively.
Ethereum continues to perform well, averaging 1.6% of assets under management (AUM)
Last week, bitcoin ETPs led the way with $790 million, or 76% of the total inflows into cryptocurrency ETPs for the entire past week.
The inflow of funds to BTC ETPs has slowed down compared to the previous three weeks, when it averaged $1.5 billion weekly.
Source: Coinshares