Digital asset products saw inflows of a staggering $857.9 million over the past week. This indicates the sixth consecutive week in terms of positive performance. According to CoinShares’ latest weekly report, the incredible inflows make the week the strongest since the end of April. This comes at a time when the CLARITY Act stablecoin yield settlement has led to optimism.
Weekly cryptocurrency inflows reached $857.9 million to show the strongest performance
In line with market data, digital asset inflows of $857.9 million made last week the strongest seven days since the end of April. In addition, this also makes it the sixth week in a row when it comes to positive flows. In particular, the week recorded a whopping $160 billion in cumulative assets under management (AuM) as Bitcoin (BTC). Go Above the $80,000 level supports this momentum. Specifically, the compromise on CLARITY stablecoin yields has emerged as the driving force behind this rally.
In addition, the bipartisan agreement, reached on May 1 by Senators Alsobrooks and Tillis, was protected against the banking sector’s May 4 rejection. It served as a notable incentive in the event of renewed confidence among investors. Besides, the massive rise in Bitcoin (BTC) prices has positioned it as the leading crypto asset in terms of flows, with a noteworthy value of $706.1 million.
Meanwhile, altcoin trading grew significantly, with Ethereum, XRP, and Solana attracting inflows of $77.1 million, $39.6 million, and $47.6 million. Regionally, the United States took $776.6 million, showing a significant rebound from $47.5 million the previous week. In addition, Germany, Switzerland and the Netherlands added $21.1 million, $5.0 million and $4.0 million.
Bitcoin flows since the beginning of the year reach $4.9 billion
according to Currency stocksIn a new weekly report, year-to-date Bitcoin (BTC) inflows reached $4.9 billion following the last weekly inflows of $706.1 million. Additionally, short Bitcoin products recorded outflows of $14.4 million. Meanwhile, the altcoin sector’s listing of $81.6 million is significantly higher than the previous week’s $77.1 million. Overall, these statistics underscore the renewed confidence in the digital asset sector while the CLARITY Act reinforces this momentum.
