Digital asset funds continued their winning streak last week, pulling in $1.9 billion in new investments, according to CoinShares‘ latest weekly report.
This marks the ninth week in a row of positive inflows, pushing the cumulative total over the period to $12.9 billion. Year-to-date, digital asset investment products have now seen a record $13.2 billion in inflows.
James Butterfill, CoinShares’ head of research, noted that these flows showed that investors appear to be moving past broader market fears, including geopolitical tensions in the Middle East.
Bitcoin sees strong rebound, Ethereum shines
Bitcoin led the rally with $1.3 billion in new inflows, reversing a short-lived downturn that saw two consecutive weeks of outflows.
The turnaround signals renewed investor confidence, even as geopolitical risks between Israel and Iran remain unresolved. This suggests investors seem to be betting on Bitcoin’s long-term value and also view it as a safe-haven alternative.
At the same time, short Bitcoin products saw inflows on a smaller scale. These financial investment vehicles added $3.7 million in fresh capital last week, but their total assets under management remain unchanged at around $96 million.
CoinShares noted that Ethereum-related investment products continued their impressive performance, bringing in $583 million over the week. This is their highest weekly flow since February.
Despite this impressive performance, the momentum in Ethereum-focused US spot ETFs slightly cooled. On June 13, a $2.1 million outflow in the nine products ended a 19-day inflow streak.
Still, the cumulative inflows to ETH financial products have reached $2 billion, accounting for 14% of its total AuM.
Meanwhile, other major altcoins also saw significant investments last week.
CoinShares reported that XRP-focused funds ended a three-week outflow streak with $11.8 million in fresh inflows, while Sui continued its upward trajectory, adding $3.5 million.
Western markets drive growth amid Middle East unrest
The United States led the regional inflow charge, accounting for the full $1.9 billion total.
Other Western countries, such as Germany, Switzerland, and Canada, followed with inflows of $39.2 million, $20.7 million, and $12.1 million, respectively.
These figures reflect a strong wave of institutional confidence in Western markets amid the global unrest in the Middle East.
Meanwhile, Asian and South American regions posted outflows. Hong Kong led the decline with $56.8 million exiting digital asset funds, followed by Sweden and Brazil, which saw outflows of $16.7 million and $8.5 million.
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