A positive performance was recorded for the fourth consecutive week, with a total weekly inflow of $598 million into digital asset investment products. Total year-to-date inflows have exceeded US$5.7 billion, accounting for 55% of the record inflows seen in 2021.

At the beginning of the week, total assets under management (AuM) reached US$68.3 billion, the highest point since December 2021, but still well off the all-time high of US$87 billion seen in November 2021.

Regionally, while the focus remains on the US, most of the $610 million inflows originated from this country, influenced by leading issuer Grayscale, which showed a total outflow of $436 million last week. Brazil and Switzerland saw small inflows of $8.2 million and $2.1 million, respectively, while Canada and Sweden experienced outflows of $18 million and $8 million, respectively.

Last week, Bitcoin saw inflows of $570 million, bringing its total inflows since the beginning of the year to $5.6 billion. However, recent price increases have resulted in small inflows of $3.9 million into short Bitcoin positions.

Ethereum showed inflows of $17 million last week, while Chainlink and XRP saw inflows of $1.8 million and $1.1 million, respectively. Recent outages for Solana have affected its sentiment, resulting in an outflow of US$3 million.

Blockchain stocks continued to experience outflows totaling $81 million last week, suggesting that stock investors are a bit cautious at the moment.

#BitcoinDunyamiz

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