Digital asset investment products, US$716 million net inflows last week… XRP and Chainlink strong

Inflows into digital asset exchange-traded products (ETPs) increased for a second consecutive week.

According to CoinShares, a digital asset (cryptocurrency) asset manager, a total of US$716 million flowed into digital asset ETPs last week. As a result, assets under management (AuM) rose to US$180 billion, but remain short of the all-time high of US$264 billion. The report said inflows continued in major markets, including US$483 million in the United States, US$96.9 million in Germany, and US$80.7 million in Canada.

Bitcoin investment products recorded the largest demand, with US$352 million in inflows. Year-to-date cumulative inflows total US$27.1 billion. By contrast, short Bitcoin products saw outflows of US$18.7 million, the largest since March this year.

Among altcoins, XRP (XRP) recorded net inflows of US$245 million. Year-to-date cumulative inflows amount to US$3.1 billion, far exceeding the 2024 annual inflows of US$608 million. Chainlink (LINK) products also saw US$52.8 million in inflows, marking the largest weekly inflow on record. This corresponds to 54% of the product's assets under management.

The report said, "There were small outflows late in the week in response to some U.S. macro indicators, but overall investor sentiment continued to improve."