This marks the ninth week in a row of positive inflows, pushing the cumulative total over the period to $12.9 billion. Year-to-date, digital asset investment products have now seen a record $13.2 billion in inflows.
James Butterfill, CoinShares’ head of research, noted that these flows showed that investors appear to be moving past broader market fears, including geopolitical tensions in the Middle East.
The turnaround signals renewed investor confidence, even as geopolitical risks between Israel and Iran remain unresolved. This suggests investors seem to be betting on Bitcoin’s long-term value and also view it as a safe-haven alternative.
At the same time, short Bitcoin products saw inflows on a smaller scale. These financial investment vehicles added $3.7 million in fresh capital last week, but their total assets under management remain unchanged at around $96 million.
Still, the cumulative inflows to ETH financial products have reached $2 billion, accounting for 14% of its total AuM.
Meanwhile, other major altcoins also saw significant investments last week.
The United States led the regional inflow charge, accounting for the full $1.9 billion total.
Other Western countries, such as Germany, Switzerland, and Canada, followed with inflows of $39.2 million, $20.7 million, and $12.1 million, respectively.
Meanwhile, Asian and South American regions posted outflows. Hong Kong led the decline with $56.8 million exiting digital asset funds, followed by Sweden and Brazil, which saw outflows of $16.7 million and $8.5 million.
