Coinshares: Record Numbers for Digital Asset Inflows

The year-to-date inflows for digital assets hit a new high of $29.2 billion with inflows of $2.2 billion last week. This was according to Coinshares’ latest digital assets inflow report by head of research, James Butterfill.

Digital asset inflows reached a new high for the year with $2.2 billion in inflows last week, according to the latest digital assets inflow report by Coinshares.

The year-to-date inflows now stand at $29.2 billion. Of the inflows, bitcoin (BTC) were identified as the main asset fuelling the spike, according to Coinshares’ analysis.

Bitcoin inflows amounted to $2.1 billion, driving the seven-week rolling average to $1.6 billion. This marks a significant increase from the previous week's inflows of $800 million.

The inflows also pushed total assets under management (AUM) to new highs. With the past week’s inflows and previous price increases, total AUM have already surpassed $100 billion for the second time in history, reaching levels that were last observed in early June 2024 at $102 billion.

Weekly trade volumes increased by 67% to $19.2 billion, and now equate to 35% of all bitcoin transactions on reliable exchanges.

The inflows were largely driven by the possibility of a Republican victory in the U.S. elections. Donald Trump‘s pro-crypto stance has seen investors using digital assets as an investment hedge against the turbulent global political and economic landscape.

The United States produced a majority of the inflows with moderate contributions from Germany ($5.1m), Australia ($2.1m), and Hong Kong ($0.7m), highlighting a diverse global investment landscape.

Bitcoin’s seven-week rolling average now stands at $1.6 billion, a significant increase from the previous week's inflows of $800 million.

Ethereum (ETH) experienced a sharp contrast to bitcoin’s bullishness with modest inflows of $9.5 million. On the other hand, Solana witnessed an additional $5.7 million in inflows last week.

There were also small inflows into a variety of altcoins, with Polkadot ($0.67m) and Arbitrum ($0.2m) standing out.