Digital asset funds continued their victories sequence last week, drawing $ 1.9 billion from new investments, according to the latest weekly Coinshares report.
This marks the ninth consecutive week of positive entries, pushing the cumulative total over the period at 12.9 billion dollars. Up to date, digital asset investment products have now experienced a record of $ 13.2 billion in entries.
James Butterfill, Coinshares research chief, noted that these flows have shown that investors seem to exceed wider fears of the market, including geopolitical tensions in the Middle East.
Bitcoin sees a strong rebound, Ethereum shines
Bitcoin led the rally with 1.3 billion dollars of new entries, reversing a short -lived slowdown which experienced two consecutive weeks of outings.
The recovery signals have renewed the confidence of investors, even if the geopolitical risks between Israel and Iran are not resolved. This suggests that investors seem to bet on the long -term value of Bitcoin and also consider it as an alternative to capacity safely.
At the same time, short Bitcoin products have seen smaller entries. These financial investment vehicles added $ 3.7 million in fresh capital last week, but their total assets under management remains unchanged at around $ 96 million.
Coinshares noted that investment products linked to Ethereum continued their impressive performance, reports $ 583 million during the week. This is their highest weekly flow since February.
Despite this impressive performance, the momentum in the American ETFs focused on Ethereum has slightly cooled. On June 13, an exit of $ 2.1 million in the nine products ended an entry sequence of 19 days.
However, the cumulative entrances to ETH financial products reached $ 2 billion, representing 14% of its total AUM.
Meanwhile, other major altcoins also experienced significant investments last week.
Coinshares said that the funds focused on XRP had ended a three -week output sequence with $ 11.8 million in entries, while SUP continued its ascending trajectory, adding $ 3.5 million.
Western markets stimulate growth in the midst of Middle East disorders
The United States has led the regional accusations of the influx, representing the total of $ 1.9 billion.
Other Western countries, such as Germany, Switzerland and Canada, have followed $ 39.2 million, $ 20.7 million and $ 12.1 million, respectively.
These figures reflect a strong wave of institutional confidence in Western markets in the world of world disorders in the Middle East.
Meanwhile, the Asian and South American regions have displayed outings. Hong Kong led to $ 56.8 million out of digital asset funds, followed by Sweden and Brazil, who saw $ 16.7 million outings and $ 8.5 million.
