Crypto Cash Floods In: $3.34 Billion Pours Into Digital Assets!

Bitcoin Leads the Charge with Record-Breaking Inflows

Holy inflows, Batman! Digital asset investment products just had their biggest week of the year, raking in a jaw-dropping $3.34 billion. And guess who's leading the pack? That's right, Bitcoin investment products are stealing the show, according to the latest report from CoinShares.

Last week was nothing short of a digital asset party, with the market seeing its highest inflows since mid-December 2024 and the third-largest weekly inflow ever. We're talking a whopping $3.4 billion flooding in from all corners. BlackRock's iShares ETFs were the life of the party, contributing a cool $1.5 billion in weekly inflows.

But wait, there's more! ARK's 21Shares wasn't far behind, pulling in $621 million, while Fidelity Wise Origin scooped up $574 million. It's like a digital asset buffet out there!

James Butterfill, the head of research at CoinShares, thinks he knows why investors are flocking to digital assets like moths to a flame. He believes it's all about seeking safe havens amidst the economic uncertainty that's shaking up traditional assets.

"We believe concerns over the tariff impact on corporate earnings and the dramatic weakening of the U.S. dollar are the reasons investors have turned towards digital assets," Butterfill wrote, dropping some serious knowledge bombs.

When it comes to the breakdown by asset type, Bitcoin (BTC) investment products are the clear winners, bringing in a staggering $3.18 billion last week alone. In fact, the total assets under management for Bitcoin have now hit a mind-blowing $132 billion, a level we haven't seen since February. It's like Bitcoin is saying, "Hold my beer, I got this!"

Ethereum (ETH) investment products also got a piece of the action, with $183 million in inflows last week, breaking an 8-week streak of outflows. It's like ETH said, "Enough of this nonsense, I'm back, baby!" On the flip side, Solana (SOL) was the only altcoin to see outflows last week, with $5.7 million heading for the exit. Other altcoins were pretty much chilling, except for SUI (SUI) and XRP (XRP), which saw inflows of $20.7 million and $31.6 million, respectively.

CoinShares' latest report also spilled the beans on where these inflows are coming from. Turns out, U.S. investors are leading the charge, contributing the lion's share of inflows by region. We're talking $3.3 billion pouring in from the land of the free last week alone. But the party doesn't stop there – Germany and Switzerland also joined the fun, with inflows of $51.5 million and $41.4 million, respectively.

This is all a sign of the positive vibes rippling through the global crypto market. The only ones not feeling the love? Brazil and Canada, who experienced some outflows. But hey, you can't please everyone, right?