Digital Asset Funds Drew in $2.17B Last Week, Highest Level in Three Months
Digital asset investment products saw the highest weekly inflows since October, with $2.17 billion entering last week despite Bitcoin’s price decline. U.S. spot Bitcoin ETFs contributed the most, led by BlackRock’s IBIT with $1.03 billion in inflows, followed by significant contributions from Fidelity, Bitwise, Ark Invest/21Shares, and Grayscale. Bitcoin dominated with $1.55 billion in inflows, while Ethereum and Solana also attracted $496 million and $45.5 million, respectively, despite potential U.S. regulatory restrictions on stablecoins. Other notable altcoins with inflows included XRP, Sui, Lido, and Hedera. Macroeconomic factors and global tensions continue to influence the crypto market's short-term performance, and while ETF inflows are strong, they may reflect earlier buying activity rather than current sentiment. Bitcoin remains down 2.1% in the past 24 hours, trading just below $93,000, but long-term indicators and prediction markets show confidence in recovery toward the $100,000 level.
