NewsBinance Square

Digital Asset ETPs See $716M Inflows as Bitcoin Leads

Digital asset ETPs gained $716M in inflows this week, led by Bitcoin and Ethereum, pushing total assets under management to $180B.

  • Digital asset ETPs saw $716M in weekly inflows
  • Bitcoin and Ethereum led with $552M and $338M respectively
  • XRP and Chainlink also saw strong investor interest

Digital asset exchange-traded products (ETPs) recorded a significant $716 million in inflows over the past week. This fresh capital injection has propelled the total assets under management (AuM) in digital asset ETPs to an impressive $180 billion — a clear sign of growing investor confidence in crypto-based financial instruments.

Bitcoin continues to dominate the digital asset landscape, attracting $552 million in new investments. This surge in inflows suggests that institutional and retail investors alike are increasingly bullish on the long-term value proposition of the world’s largest cryptocurrency.

Ethereum, XRP, and Chainlink See Strong Demand

Ethereum also made headlines this week with $338 million in inflows, marking one of its strongest performances in recent months. The renewed interest may be attributed to ongoing developments in Ethereum’s ecosystem, including scalability upgrades and staking incentives.

Meanwhile, XRP and Chainlink surprised the market with robust inflows of $245 million and $52.8 million, respectively. These assets are gaining traction due to their real-world use cases and increasing utility within blockchain networks. XRP, known for its role in cross-border payments, and Chainlink, a key player in decentralized oracles, are proving to be attractive alternatives for investors diversifying beyond Bitcoin and Ethereum.

Outflows Hit Hyperliquid

While the overall market saw positive momentum, not all assets shared the upside. Hyperliquid experienced outflows of $14.1 million, signaling a cooling interest or profit-taking among investors. This decline contrasts sharply with the broader trend and highlights the market’s selective appetite for digital asset ETPs.

Read Also :

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

Related Articles

Back to top button