Crypto Asset Funds See $286 Million Inflows Despite Market Volatility

According to CoinShares' latest report last week, crypto asset investment products saw $286 million in inflows, marking the seventh consecutive week of positive investment. This brought the cumulative inflows to $10.9 billion. However, overall assets under management (AuM) decreased to $177 billion from a previous high of $187 billion. The decline in AuM coincided with market volatility due to uncertainties around US tariff policies. A New York court's decision declaring certain US tariffs illegal disrupted investor confidence and caused fluctuations in crypto asset prices. Bitcoin experienced minor net outflows of $8 million after the court ruling. The United States attracted $199 million in inflows, while Hong Kong saw its highest weekly inflows since the inception of its exchange-traded products (ETPs), totaling $54.8 million. Ethereum recorded $321 million in inflows last week, marking its sixth consecutive week of positive investment. XRP experienced its second consecutive week of outflows, totaling $28.2 million, according to CoinShares' report.