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Investment products tied to digital assets registered $572 million in inflows last week, and reversed the early-week trend. Outflows reached $1 billion in the initial days, likely due to concerns over slowing growth following poor US payroll figures.<\/p>\n
The tide turned in the latter half, with $1.57 billion flowing in after the government allowed digital assets in 401(k) retirement plans. Despite this, digital asset ETP trading volumes slipped 23% compared to the previous month. This decline is likely influenced by the seasonal summer slowdown.<\/p>\n
Ethereum ETPs emerged as the clear winner as they led the market.<\/p>\n
According to the latest edition<\/a> of CoinShares\u2019 Digital Asset Fund Flows Weekly Report, Ethereum attracted the highest inflows of any asset at $268 million, which lifted year-to-date inflows to a new record of $8.2 billion.<\/p>\n Price appreciation, as it topped $4,300 for the first time since 2021, helped<\/a> drive assets under management to an all-time high of $32.6 billion, representing an 82% surge compared to the beginning of the year.<\/p>\n After two weeks of declines, Bitcoin recorded $260 million in inflows last week, while short bitcoin products shed $4 million. Altcoins performed well, with Solana gaining $21.8 million, XRP $18.4 million, and Near $10.1 million in inflows. Cardano, Chainlink, and Stellar also pulled in $1.5 million, $0.7 million, and $0.6 million, respectively. Litecoin also recorded a modest $0.1 million in inflows during the same period.<\/p>\n On the other hand, Sui emerged as an outlier to the trend with $3 million in outflows over the past week, the same as multi-asset products.<\/p>\n Breaking down by region, the US and Canada recorded inflows of $608 million and $16.5 million, respectively. Next up were Australia with\u00a0$7.1 million and Hong Kong with $1.4 million, in inflows.<\/p>\n However, Europe remained bearish, with Germany and Sweden seeing $33.5 million and $16.5 million outflows, respectively. Switzerland managed to buck the trend with $1.1 million in outflows.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nUS Leads But Europe Remains Bearish<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n