Digital asset funds achieve six consecutive weeks of net inflows, with last week's inflow reaching $737 million

According to CoinShares' latest weekly report, global digital asset investment products have recorded their sixth consecutive week of net inflows, with a weekly inflow of $857.9 million, hitting the highest weekly inflow since April 24.

Analysis indicates that this positive performance is mainly due to improved market sentiment, especially optimistic expectations driven by the progress of the CLARITY Act.

Specifically, Senators Tillis and Alsobrooks released the final compromise text on stablecoin yields on May 1, and successfully resisted banking industry opposition on May 4, significantly boosting investor confidence.

Boosted by policy expectations, Bitcoin broke through the $80k mark mid-week, reaching the highest level since the February correction, causing its total assets under management to rise to $160 billion.

In terms of asset categories, Bitcoin continued to lead with $706 million in inflows, with year-to-date inflows reaching $80k. Ethereum reversed the previous week's outflow of $81.6 million, recording an inflow of $77.1 million last week.

Meanwhile, Solana and XRP continued their significant growth, with last week recording inflows of $47.6 million and $39.6 million respectively.

Notably, shorting Bitcoin saw a weekly outflow of $14.4 million, the largest weekly outflow this year, indicating that as market confidence in Bitcoin's rise strengthened, hedge positions are being liquidated. Multi-asset products were the only sector showing a clear anomaly, with a outflow of $5.5 million.

Looking at the geographic distribution of fund flows, the U.S. market dominated with an inflow of $776.6 million, a sharp rebound from the previous week's $47.5 million.

Moreover, demand in Europe is also recovering. Germany saw inflows of $50.6 million, Switzerland $21.1 million, and the Netherlands $5 million, indicating a synchronized recovery in fund flows between Europe and the U.S.

Currently, market participants are awaiting the Thursday review of the CLARITY Act by the Senate Banking Committee, which could set the tone for digital asset fund flows in the second half of the year.

#Weekly Digital Asset Fund Report