Digital Asset Fund Inflows Spike as Market Corrects, Ethereum Leads With $155M

Digital asset investment products saw a significant rebound in inflows, totaling $176 million, as investors took advantage of recent price corrections. According to Coinshares and its lead research analyst James Butterfill, ethereum was the standout performer, benefiting the most from these market dynamics.

Coinshares Reports $176 Million Inflows Into Digital Asset Funds

Coinshares reported that digital asset investment products experienced inflows amounting to $176 million, reversing recent trends amid a market correction. Total assets under management of these products, which had dropped to $75 billion due to the correction, have since recovered to $85 billion.

Butterfill’s report shows trading activity was notably high, with $19 billion in exchange-traded products, surpassing the weekly average of $14 billion for the year. Coinshares’ findings highlighted that this recovery in inflows was widespread, with every region, including the United States, Switzerland, Brazil, and Canada, contributing to the positive sentiment.

Ethereum led the recovery, attracting $155 million in inflows last week, bringing its year-to-date total to $862 million—the highest since 2021. Coinshares’ lead analyst Butterfill attributes this surge to the recent launch of U.S. spot-based exchange-traded funds. Bitcoin also saw a positive turnaround, with inflows of $13 million after starting the week with outflows.

Notably, short bitcoin exchange-traded products saw their largest outflows since May 2023, totaling $16 million, which reduced assets under management for short positions to their lowest level this year, signaling a substantial exit by investors from short positions.

What do you think about the latest inflows from digital asset funds? Share your thoughts and opinions about this subject in the comments section below.

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