Digital Asset Investment Sees Significant Inflows Amid Bitcoin Surge

Digital asset investment products experienced substantial inflows last week, totaling $857.9 million, marking the sixth consecutive week of net inflows and the largest weekly inflow since April 24. According to Foresight News, CoinShares' latest report highlights that the total assets under management have risen to $160 billion. The surge was driven by the stabilization of stablecoin yields following the CLARITY Act compromise text, with Bitcoin surpassing $80,000, reaching its highest level since the February correction. Bitcoin saw inflows of $706.1 million, bringing the total inflows for the year to $4.9 billion. Ethereum reversed the previous week's outflows of $81.6 million with inflows of $77.1 million. Solana and XRP also saw inflows of $47.6 million and $39.6 million, respectively. Short Bitcoin products experienced outflows of $14.4 million, the largest weekly outflow of the year, indicating that hedging positions are being closed as bullish sentiment strengthens. Regionally, the United States led the inflows with $776.6 million, a significant increase from last week's $47.5 million. Germany followed with $50.6 million, Switzerland with $21.1 million, and the Netherlands with $5 million. Meanwhile, multi-asset products saw outflows of $5.5 million.