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<img width="1320" height="744" src="https://coingape.com/wp-content/uploads/2023/11/Bitcoin-BTC.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin Inflow" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/11/Bitcoin-BTC.jpg 1320w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-BTC-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-BTC-1224x690.jpg 1224w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-BTC-768x433.jpg 768w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-BTC-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-BTC-150x85.jpg 150w" sizes="(max-width: 1320px) 100vw, 1320px">
In a testament to the escalating interest in digital assets, CoinShares’ latest Digital Asset Fund Fund Flows Weekly <a rel="nofollow" href="https://blog.coinshares.com/volume-160-digital-asset-fund-flows-weekly-report-3523bcc12d66" target="_blank">report</a> reveals an unprecedented surge. With a staggering $1.76 billion in inflows over the past 10 weeks, the digital asset investment landscape is experiencing a remarkable boom. 
Meanwhile, this surge, marking the largest since October 2021, underscores the resilience and growing popularity of <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> investment products. In addition, the recent advance in the weekly inflows also comes in line with the major cryptos like Bitcoin and Ethereum hitting their yearly highs. 
<h2 id="coinshares-unveils-1-76-bln-inflows-in-10-weeks">CoinShares Unveils $1.76 Bln Inflows In 10 Weeks</h2> 
CoinShares’ recently published Digital Asset Fund Fund Weekly Flows report unveils a striking trend in the world of digital asset investments. Over the past week alone, the sector witnessed an influx of $176 million, marking the 10th consecutive week of substantial inflows. 
Notably, this cumulative surge reached an impressive $1.76 billion in the last 10 weeks, accounting for 4% of <a href="https://coingape.com/glossary/assets-under-management/" target="_blank" rel="noopener">assets under management (AuM)</a>. In addition, the report highlights the robust growth the digital asset space has witnessed, with total AuM soaring by 107% this year. 
However, despite this substantial growth, the current AuM stands at $46.2 billion, still below the all-time high of $86.6 billion recorded in 2021. Meanwhile, CoinShares notes that trading volumes in Exchange-Traded Products (ETPs) remain noteworthy, reaching $2.6 billion for the week and constituting 12% of total Bitcoin volumes. 
Meanwhile, regionally, the report emphasizes the prominence of digital asset investments in Canada, Germany, and the US. These regions experienced substantial inflows of $79 million, $57 million, and $54 million, respectively. 
However, Hong Kong saw minor outflows amounting to $15 million. Despite the Asian region’s relatively small total AuM and a limited number of ETPs, it stands out as one of the few regions witnessing net outflows year-to-date. 
Also Read: <a href="https://coingape.com/binance-lists-lunc-iota-other-spot-trading-pairs-terra-classic-price-rallies/" target="_blank" rel="noopener">Binance Lists LUNC, IOTA, &amp; Other Spot Trading Pairs As Terra Classic Price Rallies</a> 
<h2 id="bitcoin-tops-weekly-inflow-list-with-eth-gaining-traction">Bitcoin Tops Weekly Inflow List With ETH Gaining Traction</h2> 
Unsurprisingly, <a href="https://coingape.com/glossary/bitcoin/" target="_blank" rel="noopener">Bitcoin</a> emerged as the primary beneficiary, attracting $132.8 million in inflows. In addition, after a three-week streak of outflows, short-bitcoin products experienced inflows of $3.6 million last week. 
On the other hand, Ethereum also made notable strides with an additional $31 million in inflows, extending its five-week positive run to $134 million. For the first time this year, net flows for Ethereum turned positive at $10 million, signaling a shift in sentiment after an extended period of negativity. 
Meanwhile, the CoinShares report concludes by highlighting the robust performance of <a href="https://coingape.com/glossary/blockchain/" target="_blank" rel="noopener">blockchain</a> equities, boasting seven consecutive weeks of inflows. Last week’s inflow of $17.4 million stands as the highest since July 2022, affirming the sustained investor interest in the broader blockchain and digital asset ecosystem. 
Notably, the report comes amid a time when both Bitcoin and Ethereum have <a href="https://coingape.com/bitcoin-btc-price-smashes-past-40000-first-time-in-18-months-whats-next/" target="_blank" rel="noopener">reached their yearly highs</a>, reflecting a bullish sentiment in the cryptocurrency market. As of writing, the <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener">Bitcoin price</a> soared 5.20% to $41,512.50, while touching a 24-hour high of $42,108.59. In addition, the trading volume of BTC rocketed 102.49% to $32.14 billion. 
Simultaneously, the <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener">Ethereum price</a> hit a yearly high of $2,273.07 in the last 24 hours. However, as of writing, its price was up 3.45% from yesterday to $2,232.47. 
Also Read: <a href="https://coingape.com/whale-bags-600-billion-shiba-inu-from-binance-shib-bone-prices-pump-10/" target="_blank" rel="noopener">Whale Bags 600 Billion Shiba Inu From Binance, SHIB &amp; Bone Prices Pump 10%</a> 
The post <a rel="nofollow" href="https://coingape.com/bitcoin-reigns-supreme-with-133-mln-weekly-inflows-report/">Bitcoin Reigns Supreme With $133 Mln Weekly Inflows: Report</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Bitcoin Reigns Supreme With $133 Mln Weekly Inflows: Report

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