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Bitcoin (BTC), the largest crypto, registered massive inflows from digital asset investment products. Moreover, Bitcoin accounted for nearly 98% of these inflows, thanks to the <a href="https://coingape.com/spot-bitcoin-etf-ark-invest-joins-the-1b-aum-club/" target="_blank" rel="noopener">Spot Bitcoin ETFs</a>. In addition, a bullish sentiment was noticed for Ethereum (ETH) and Cardano (ADA). 
<h2 id="bitcoin-bags-98-of-digital-asset-fund-inflows">Bitcoin Bags 98% Of Digital Asset Fund Inflows</h2> 
According to a recent report by <a rel="nofollow" href="https://blog.coinshares.com/volume-169-digital-asset-fund-flows-weekly-report-d8911da6dbe0" target="_blank">CoinShares</a>, digital asset investment products witnessed weekly inflows totaling $1.1 billion. Moreover, these massive inflows pushed the year-to-date inflows to $2.7 billion. This surge in investment activity has propelled the total assets under management (AuM) to its highest level since early 2022, reaching $59 billion. 
The spotlight remained on the newly introduced Spot Bitcoin ETFs in the United States, which garnered a notable $1.1 billion in net inflows last week alone. Since their launch on January 11th, these ETFs have accumulated inflows totaling $2.8 billion, indicating a strong investor appetite for Bitcoin exposure within the traditional financial infrastructure. <a href="https://coingape.com/markets/bitcoin-price-prediction-will-btc-reclaim-50000-in-coming-week/" target="_blank" rel="noopener">Bitcoin</a> remains the dominant force in attracting investor funds, capturing nearly 98% of the total inflows. 
Despite concerns surrounding potential outflows from existing investment products, the report suggests that the pace has notably decelerated. However, the forthcoming sale of Genesis holdings worth $1.6 billion could potentially trigger further outflows in the near future. 
Regionally, while outflows from other regions have cooled off, minor outflows were observed from Canada and Germany, amounting to $17 million and $10 million, respectively. In contrast, Switzerland experienced inflows of $35 million last week, underscoring the global interest in digital asset investment products. 
Also Read: <a href="https://coingape.com/spot-bitcoin-etf-top-analyst-claims-magnitude-of-impact-not-priced-in/" target="_blank" rel="noopener">Spot Bitcoin ETF: Analyst Says ‘Magnitude of Impact Not Priced In’</a> 
<h2 id="digital-asset-fund-inflows-for-altcoins">Digital Asset Fund Inflows For Altcoins</h2> 
The bullish sentiment surrounding Bitcoin’s price appreciation has also spilled over to other major cryptocurrencies, notably <a href="https://coingape.com/ethereum-dencun-mainnet-upgrade-eth-breaks-2500-as-geth-releases-crucial-update/" target="_blank" rel="noopener">Ethereum</a> and Cardano. Ethereum witnessed inflows of $16 million, while Cardano saw inflows of $6 million, reflecting growing investor confidence in these alternative assets. 
Additionally, minor inflows were observed in other cryptocurrencies such as <a href="https://coingape.com/best-avalanche-avax-wallets/" target="_blank" rel="noopener">Avalanche (AVAX)</a> with $0.5 million and Polygon (MATIC) with $0.4 million inflows, respectively. Moreover, Tron (TRX) accounted for $0.4 million in inflows. Conversely, minor outflows were recorded for Uniswap and Short-Bitcoin, totaling $0.5 million and $0.4 million, respectively. 
While blockchain equities experienced outflows from one issuer amounting to $67 million, other issuers saw inflows totaling $19 million. This suggests a mixed sentiment within the blockchain equities market, with certain issuers attracting investor interest while others witness divestment. 
Also Read: <a href="https://coingape.com/expert-anticipates-bitcoin-correction-33k-but-there-positive-side/" target="_blank" rel="noopener">Expert Anticipates Bitcoin Correction To $33K, But There’s A Positive Side</a> 
The post <a href="https://coingape.com/breaking-bitcoin-leads-inflows-amid-bullish-outlook-on-eth-ada/">Breaking: Bitcoin Leads With $1.09 Bln Inflow Amid Bullish Outlook On ETH &amp; ADA</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Breaking: Bitcoin Leads With $1.09 Bln Inflow Amid Bullish Outlook On ETH & ADA

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