Digital asset investment products are witnessing a significant resurgence, with inflows totaling $3.3 billion last week, pushing the assets under management (AuM) to $239 billion, just shy of the August record of $244 billion. The market’s positive sentiment can be attributed to weaker than expected macroeconomic data from the United States, coupled with gains in digital asset prices towards the end of the week.
The inflows were predominantly driven by the US, which accounted for $3.2 billion, while Germany contributed $160 million. In a notable turn of events, Friday recorded the second-largest daily inflows for Germany on record, although this was somewhat dampened by outflows of $92 million from Switzerland.
Bitcoin was a major player in this uptick, drawing in $2.4 billion—its largest weekly inflow since July. This shift in sentiment also saw short-bitcoin products facing minor outflows, resulting in an AuM decline to $86 million.
Meanwhile, Ethereum, which had seen a challenging stretch with eight consecutive days of outflows, turned a corner last week with four straight days of inflows amounting to $646 million. This reversal marks a positive shift in investor sentiment toward the digital asset.
Solana also made headlines, achieving its largest single-day inflow on Friday with $145 million, contributing to a weekly total of $198 million. In contrast, Aave and Avalanche encountered minor outflows, recording losses of $1.08 million and $0.66 million respectively.
Overall, the recent surge in inflows across major digital assets highlights a renewed optimism among investors, signaling a potential rebound in the cryptocurrency market.
