Digital asset inflows hit US$785m weekly, sentiment continues to recover in Ethereum

Digital asset inflows hit US$785m last week, pushing YTD totals to US$7.5bn and fully recovering February–March outflows.

Digital asset investment products saw a fifth consecutive week of inflows, with US$785m flowing into the market last week. This pushed year-to-date (YTD) inflows into positive territory at US$7.5bn, surpassing the previous peak of US$7.2bn reached in early February.

It also fully negated the nearly US$7bn of outflows experienced during the February–March price correction.

Regional sentiment was mixed. The US saw major inflows of US$681m, Germany saw inflows of US$86.3m, and Hong Kong recorded inflows of US$24.2m, the largest for the region since November 2024.

However, Sweden saw outflows of US$16.3m, Canada saw outflows of US$13.5m, and Brazil saw outflows of US$3.9m.

Bitcoin price saw inflows of US$557m, down from the prior week’s inflows, likely due to continued hawkish signals from the US Federal Reserve.

Short-bitcoin products saw a fourth consecutive week of inflows, with investors positioning amid recent price gains, and these products saw inflows of US$5.8m.

Ethereum was a standout performer with US$205m in inflows last week and US$575m YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak.

Conversely, Solana (CRYPTO: SOL) was the only ETP to record outflows, with outflows of US$0.89m.