Digital asset investments reached $1.2 billion in one week, driven by Bitcoin's price surge and strong institutional interest.
Investment in digital asset products surged to $1.2 billion between April 20 and 24, continuing a positive trend for the fourth consecutive week, according to CoinShares' latest report.
The total assets under management in this sector climbed to $155 billion, the highest level since early February, largely fueled by Bitcoin's price surpassing $76,000.
Bitcoin saw the largest inflow, attracting $933 million, bringing its year-to-date investment total to $4 billion. Additionally, $16.5 million was invested in products enabling short positions on Bitcoin.
Ethereum funds also performed well, drawing in $192 million and sustaining interest for a third week.
The United States led in investment volume with $1.1 billion, while Germany's inflows doubled to $61.7 million. Switzerland and Canada saw capital inflows of $35.2 million and $15 million, respectively.
Analysts have observed a significant uptick in interest in blockchain-related stocks, with exchange-traded funds (ETFs) focused on these stocks attracting $617 million over three weeks.
This surge in activity is attributed to increasing demand from institutional investors, although market participants remain cautious ahead of the U.S. Federal Reserve's interest rate decision set for April 29.
In comparison, the previous week from April 13 to 17 saw $1.4 billion in investments in cryptocurrency-based products.
