According to CryptoPotato, digital asset investment products have continued their upward trend amidst a broader market resurgence. CoinShares' latest data reveals that inflows reached $646 million last week, pushing the year-to-date inflows to a record high of $13.8 billion. This figure significantly surpasses the $10.6 billion recorded in 2021.
This new achievement follows a strong rebound in digital asset investments at the end of March. As the market prepares for the much-anticipated BTC halving this month, investor sentiment has improved alongside Bitcoin's recovery above $72,000. However, the excitement surrounding spot Bitcoin ETFs seems to be waning. CoinShares' Digital Asset Fund Flows report shows that the weekly flow levels have not reached the highs seen in early March. Trading volumes last week also fell to $17.4 billion, down from $43 billion in the first week of March.
Investor sentiment remained divided by region. The United States saw additional inflows totaling $648 million over the week, with similar trends observed in Brazil, Hong Kong, and Germany, which reported inflows of $10 million, $9 million, and $9.6 million, respectively. Conversely, Switzerland and Canada recorded weekly outflows of $27 million and $7.3 million, respectively.
Bitcoin remained the primary focus for investors, with inflows totaling $663 million over the past week. Short-bitcoin investment products experienced outflows for the third consecutive week, totaling $9.5 million, indicating a minor capitulation among bearish investors. Ethereum also saw outflows for the fourth consecutive week, amounting to $22.5 million. In contrast, most other altcoins continued to see inflows over the past week, with Litecoin, Solana, and Filecoin witnessing inflows of $4.4 million, $4 million, and $1.4 million, respectively. During the same period, investment products related to Polkadot, Cardano, and XRP also noted minor inflows of $0.6 million, $0.2 million, and $0.1 million, respectively.