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Digital Asset Investment Products Hit Record $14.9 Billion in Inflows with $1.05 Billion from Bitcoin ETFs

May 28, 2024, 11:17 PM

Digital asset investment products recorded inflows of $1.05 billion for the third consecutive week, reaching an all-time high of $14.9 billion for the year, according to CoinShares. Bitcoin ETFs led with $1.01 billion in inflows, while Ethereum saw inflows of $36 million. Solana also experienced inflows of $8 million. The surge in Ethereum inflows is likely attributed to the recent approval of the $ETH ETF in the US. This marks a significant milestone for digital assets, reflecting growing investor confidence in the sector.