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Digital assets funds YTD inflows hit $27bn

October 29, 2024 at 2:00 pm

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Digital asset inflows reached $901m last week, pushing year-to-date inflows to US$27bn, nearly triple the record annual high seen in 2021, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.

The US led the way with $906m in inflows, while Germany and Switzerland saw minor gains, and Canada, Brazil, and Hong Kong recorded small outflows.

Bitcoin attracted $920m, likely due to US political factors, while ethereum saw $35m in outflows. Solana and blockchain equities showed gains of $10.8m and $12.2m, respectively.