Digital asset investment products brought in $1.9 billion last week, extending a 15-week streak of positive sentiment, led by leading smart contract platform Ethereum (ETH).
In its latest Digital Asset Fund Flows Weekly Report, CoinShares says month-to-date flows hit $11.2 billion, setting a new record and eclipsing the $7.6 billion logged in December 2024 after the US election.
[adinserter block="1"]“Ethereum stood out, unusually leading with $1.59bn in inflows last week, its second-strongest week on record. Year-to-date inflows into Ethereum have now reached $7.79bn, surpassing the total for all of last year.”
Regionally, the US and Germany led globally with strong inflows of $2 billion and $70 million, respectively. These gains offset outflows from Brazil, Canada, and Hong Kong at $23.2 million, $84.3 million and $160 million, respectively.
Bitcoin investment products saw outflows of $175 million, breaking from the broader altcoin trend.
“This has raised the question of whether we are entering an’altcoin season.’ While inconclusive, there are some signs…”
Solana and XRP recorded inflows of $311 million and $189 million, while SUI added $8 million. Outside these big names, momentum faded: Litecoin (LTC) and Bitcoin Cash (BCH) saw outflows of $1.2 million and $0.66 million, respectively.
CoinShares notes that altcoin inflows may be less about broad market rotation and more about positioning ahead of potential US exchange-traded fund (ETF) approvals.
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