Digital Assets Reach New Highs with Record Inflows and Ethereum Leading
Digital asset funds have achieved a remarkable milestone, welcoming $1.03 billion in inflows last week. This marks the 12th consecutive week of net gains, bringing the assets under management (AuM) to an all-time high of $188 billion. The U.S. plays a pivotal role, contributing nearly $1 billion of the new capital. However, Canada and Brazil have experienced minor outflows of $29.3 million and $9 million, respectively. Analysts believe this trend underscores a growing confidence in digital assets, with Ethereum outpacing Bitcoin in attracting investment, suggesting an evolving landscape of investor preferences in the crypto market.