After five weeks of continuous outflows, the digital asset investment landscape has witnessed a significant turnaround, attracting $644 million in inflows last week. This reversal has propelled total assets under management to increase by 6.3% from their lows on March 10, marking a hopeful resurgence in market sentiment.
This change was further illustrated by daily inflows throughout the week, effectively breaking a 17-day streak of outflows. According to the most recent edition of CoinShares’ Digital Asset Fund Weekly Report, this shift reflects a “decisive shift in sentiment toward the asset class.” Notably, Bitcoin was a key driver of last week’s recovery, attracting $724 million in inflows, which successfully reversed a prior five-week outflow streak that had seen $5.4 billion exit the market.
In contrast, short-Bitcoin investment products continued to exhibit outflows for a third consecutive week, with the latest reporting a withdrawal of $7.1 million. Meanwhile, the altcoin market displayed mixed signals. Ethereum, in particular, suffered the largest outflow of $86 million, followed by notable losses from altcoins like Sui, Polkadot, Tron, and Algorand, which recorded outflows of $1.3 million, $1.3 million, $0.95 million, and $0.82 million, respectively.
Conversely, XRP emerged as a leader with $6.7 million in inflows, closely trailed by Solana at $6.4 million. Multi-asset products also enjoyed modest inflows of $3.2 million. Other cryptocurrencies, including Polygon, Chainlink, and Cardano, contributed smaller gains of $0.4 million, $0.2 million, and $0.1 million, respectively.
Geographically, the United States dominated the inflow landscape with a substantial $632 million, underscoring its pivotal role in the positive trend. Other countries, such as Switzerland, Germany, and Hong Kong, likewise recorded inflows of $15.9 million, $13.9 million, and $1.2 million, respectively. Meanwhile, Brazil and Australia exhibited smaller figures, with inflows of $1.1 million and $0.2 million. In contrast, Sweden and Canada faced outflows of $10.3 million and $9.1 million, respectively.
This recent shift in investment patterns signals renewed optimism among investors regarding digital assets. As the market stabilizes, it will be crucial to monitor whether this upward trend can be sustained in the coming weeks.
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