TechFlow news, digital asset investment products attracted a total of $598 million in inflows last week, marking the fourth consecutive week of positive flows. Year-to-date inflows have now surpassed $5.7 billion, representing 55% of the record inflows seen in 2021. Earlier this week, total assets under management (AuM) reached a high of $68.3 billion, the highest level since December 2021, although still far below the all-time peak of $87 billion in November 2021.
Bitcoin attracted $570 million in inflows last week, bringing year-to-date inflows to $5.6 billion, despite recent price gains leading to minor inflows into short Bitcoin positions, totaling $3.9 million.
Ethereum saw $17 million in inflows last week, while Chainlink and XRP attracted $1.8 million and $1.1 million respectively. Solana's recent outages may have affected market sentiment, resulting in $3 million in outflows.
