Bitcoin

The digital asset market is <a href="https://blog.coinshares.com/volume-173-digital-asset-fund-flows-weekly-report-d3b5fd18d417" rel="noopener noreferrer nofollow">experiencing</a> a notable surge, with investment products seeing record weekly inflows of $2.7 billion. This brings the total year-to-date inflows to an impressive $10.3 billion, closely nearing the record $10.6 billion seen throughout the entirety of 2021. A significant rise in weekly trading turnover has also been observed, skyrocketing to $43 billion for the week, vastly outperforming the previous week’s record of $30 billion.This influx has not only revitalized the market but has also propelled the total assets under management (AuM) to an all-time high of $94.4 billion. The AuM has seen a remarkable 14% increase over the last week alone, with a total rise of 88% since the beginning of the year.Region-wise, the United States leads the pack with a substantial $2.8 billion in inflows. Switzerland and Brazil follow, with inflows of $21 million and $18 million, respectively. However, not all regions are experiencing net inflows; Canada, Germany, and Switzerland reported outflows totaling $35 million, $77 million, and $39 million, respectively.<h2 id="header-0">Digital Asset Investment Surges</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0a384423be044ddb8a4faec07ea0ff00.png" /><a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> continues to be at the forefront of investor interest, witnessing $2.6 billion in inflows. These figures bring its year-to-date inflows to represent 14% of the total AuM. Despite recent hikes in its price, the market has observed continuous inflows into short Bitcoin positions, with an additional $11 million last week.In contrast to Bitcoin’s steady dominance, Solana has witnessed a positive turnaround after facing a period of negative sentiment, with inflows reaching $24 million last week. Meanwhile, <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a>, despite having a stronger year-to-date performance compared to Solana, experienced minor outflows of $2.1 million.Other digital assets have also been on the receiving end of investor favoritism. Notably, Polkadot, Fantom, Chainlink, and Uniswap have seen inflows of $2.7 million, $2 million, $2 million, and $1.6 million, respectively, indicating a broadening interest across different cryptocurrencies.On the other hand, blockchain equities have faced a slight downturn, with total outflows amounting to $2.5 million. This indicates a shifting focus among investors, possibly tilting towards direct digital asset investments over blockchain-related stocks.The recent trends underscore a growing confidence and interest in digital assets, signaling a potentially transformative period for the market. As institutional and retail investors alike continue to navigate this evolving landscape, the digital asset sector appears poised for further growth and diversification.

Bitcoin Hits $2.6B Inflows as Solana Sees Positive Turnaround

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