Story Highlights – Bitcoin recorded about 98% of the digital asset fund inflows last week.- Bitcoin’s price surge trickled down to other top cryptocurrencies.- A bullish sentiment has been noticed for Ethereum and Cardano, Bitcoin (BTC), the largest crypto, registered massive inflows from digital asset investment products.Moreover, Bitcoin accounted for nearly 98% of these inflows, thanks to the [Spot Bitcoin ETFs](https://coingape.com/spot-bitcoin-etf-ark-invest-joins-the-1b-aum-club/).
In addition, a bullish sentiment was noticed for Ethereum (ETH) and Cardano (ADA).Bitcoin Bags 98% Of Digital Asset Fund Inflows According to a recent report by [CoinShares](https://blog.coinshares.com/volume-169-digital-asset-fund-flows-weekly-report-d8911da6dbe0), digital asset investment products witnessed weekly inflows totaling $1.1 billion.
Moreover, these massive inflows pushed the year-to-date inflows to $2.7 billion.This surge in investment activity has propelled the total assets under management (AuM) to its highest level since early 2022, reaching $59 billion.
The spotlight remained on the newly introduced Spot Bitcoin ETFs in the United States, which garnered a notable $1.1 billion in net inflows last week alone.Since their launch on January 11th, these ETFs have accumulated inflows totaling $2.8 billion, indicating a strong investor appetite for Bitcoin exposure within the traditional financial infrastructure.[Bitcoin](https://coingape.com/markets/bitcoin-price-prediction-will-btc-reclaim-50000-in-coming-week/) remains the dominant force in attracting investor funds, capturing nearly 98% of the total inflows Despite concerns surrounding potential outflows from existing investment products, the report suggests that the pace has notably decelerated.However, the forthcoming sale of Genesis holdings worth $1.6 billion could potentially trigger further outflows in the near future.
Regionally, while outflows from other regions have cooled off, minor outflows were observed from Canada and Germany, amounting to $17 million and $10 million, respectively.In contrast, Switzerland experienced inflows of $35 million last week, underscoring the global interest in digital asset investment products.Recommended Articles Also Read: [Spot Bitcoin ETF: Analyst Says ‘Magnitude of Impact Not Priced In’](https://coingape.com/spot-bitcoin-etf-top-analyst-claims-magnitude-of-impact-not-priced-in/) Digital Asset Fund Inflows For Altcoins The bullish sentiment surrounding Bitcoin’s price appreciation has also spilled over to other major cryptocurrencies, notably [Ethereum](https://coingape.com/ethereum-dencun-mainnet-upgrade-eth-breaks-2500-as-geth-releases-crucial-update/) and Cardano.Ethereum witnessed inflows of $16 million, while Cardano saw inflows of $6 million, reflecting growing investor confidence in these alternative assets.
Additionally, minor inflows were observed in other cryptocurrencies such as [Avalanche (AVAX)](https://coingape.com/best-avalanche-avax-wallets/) with $0.5 million and Polygon (MATIC) with $0.4 million inflows, respectively.Moreover, Tron (TRX) accounted for $0.4 million in inflows.
Conversely, minor outflows were recorded for Uniswap and Short-Bitcoin, totaling $0.5 million and $0.4 million, respectively.While blockchain equities experienced outflows from one issuer amounting to $67 million, other issuers saw inflows totaling $19 million.This suggests a mixed sentiment within the blockchain equities market, with certain issuers attracting investor interest while others witness divestment.
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