Digital asset investment products attracted $3.7 billion in inflows last week, marking the second-largest weekly injection on record and pushing total assets under management (AUM) to a new high of $211 billion, according to London-based digital asset manager CoinShares.
Bitcoin led the charge with $2.7 billion in net inflows, lifting its share of crypto AUM to $179.5 billion, which is equivalent to 54% of gold exchange-traded products (ETP) holdings. Ethereum posted its fourth-largest weekly inflow ever at $990 million, extending its 12-week inflow streak.
ETP trading volumes reached $29 billion, twice the year’s weekly average. The record week follows 12 straight weeks of net buying that have cumulatively added $21.8 billion to the digital assets sector.
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CoinShares noted that U.S.-based products dominated by drawing $3.7 billion. Germany saw outflows of $85.7 million, while Switzerland and Canada posted modest inflows of $65.8 million and $17.1 million respectively.
Bitcoin is trading at $121,957 at the time of publication, having briefly touched an all-time high of $123,000.
