Digital asset investment products saw significant inflows of $1.9 billion last week, pushing year-to-date (YTD) inflows to a total of $4.8 billion.
The surge is likely driven by recent U.S. presidential executive orders proposing the creation of a strategic reserve asset in Bitcoin. Despite a relatively flat price action for Bitcoin last week, trading volumes remained high, reaching $25 billion, which accounted for 37% of total trading volume across trusted crypto exchanges.
In the U.S., digital assets recorded $1.7 billion in inflows, with positive sentiment boosted by the executive orders. Other regions also saw notable inflows, with Canada seeing $31 million, Switzerland $35 million, and Germany $23 million.
Bitcoin remained the dominant asset, capturing the lion's share of inflows at $1.6 billion, bringing its YTD total to $4.4 billion, or 92% of all digital asset inflows.
Ethereum showed signs of recovery with $205 million in inflows, while XRP saw a more modest $18.5 million. There were no outflows recorded for any digital asset investment products during the week.
Smaller digital asset investment products such as Solana, Chainlink, and Polkadot also attracted attention, with inflows of $6.9 million, $6.6 million, and $2.6 million, respectively.