Demand for Digital Asset Investment Products is Increasing: BTC and ETH in the Lead!

• Over the past three weeks, there have been strong weekly inflows into digital asset investment products, with $136 million entering the market.
• This success story coincides with the launch of the spot Bitcoin ETF race initiated by BlackRock on June 15.
• Bitcoin, which remains a preferred option among investors, attracted 98% ($133 million) of the inflows last week.

High volumes of inflows have been observed in digital asset investment products for 3 consecutive weeks; Bitcoin saw an inflow of $133 million.

High Inflows into Digital Asset Investment Products

Over the past three weeks, there have been strong weekly inflows into digital asset investment products, totaling $136 million entering the market. According to CoinShares’ latest report, institutional crypto investment products saw a total of $470 million in inflows over the past three weeks, completely offsetting the previous nine weeks of outflows and resulting in a net positive inflow of $231 million for the year overall.

This success story coincides with the launch of the spot Bitcoin ETF race initiated by BlackRock on June 15. However, trading volumes slowed down last week, dropping to $1 billion compared to the average of $2.5 billion over the previous two weeks, which can be attributed to seasonal factors.

Bitcoin, which remains a preferred option among investors, attracted 98% ($133 million) of the inflows last week. Ethereum, on the other hand, saw inflows of $2.9 million during the same period and continued to maintain a negative net flow position with $63 million in outflows for the year overall.

Altcoins such as Solana, XRP, Polygon, Litecoin, and Aave saw inflows, while Cosmos and Cardano experienced minor outflows. Meanwhile, blockchain equities surpassed $15 million in inflows, reaching the highest level in the past year.

Whales Continue to Accumulate BTC as Interest in Digital Asset Investment Products Rises

As interest in digital asset investment products grows, Bitcoin whales have continued to accumulate BTC since June 17, accumulating 71,000 BTC in total.

During the period of increased accumulation of BTC by addresses holding between 10 and 10,000 Bitcoins, there has also been an increase in inflows into digital asset investment products. Investment funds, which had seen outflows for nine consecutive weeks according to weekly reports, saw significant inflows alongside BlackRock’s ETF move.

The applications for spot Bitcoin ETFs by BlackRock and a number of other investment giants have led to an increase in Bitcoin demand in the United States.