Digital Asset Investment Products recorded a 10th consecutive week of influx, bringing $1.24 billion last week, according to Coinshares data.
This continued streak has boosted the new record of the year, the early years (YTD) inflow to $15.1 billion.
The influx comes at a time of growing geopolitical tensions, particularly following Israeli military actions against Iran. The move sparked a fear of wider conflict and led to rapid sales across financial markets, including crypto.
Despite its volatility, institutional interest in digital assets remained solid.
James Butterfill, head of research at Coinshares, said the influx was the strongest early in the week, but later slowed down. He pointed out:
“The surge in activity early in the week fell late, probably due to new reports of the US June holiday and the involvement of the US in the Iran conflict.”
Bitcoin is leading the market
Bitcoin is a major factor in capital, pulling in $1.1 billion last week. This indicates a second week plus influx, even if prices experience corrections.
Coinshares highlighted the increasing appeal of many investors using DIP to increase their position, and highlighted the growing appeal of Bitcoin as a macroeconomic hedge.
In particular, the US-based Spot Bitcoin Exchange-Traded Funds (ETFs) played a central role in this flow, attracting a net inflow of $1.02 billion. BlackRock’s Ishares Bitcoin Trust (IBIT) stands out with a weekly inflow of $1.23 billion, bringing its total assets under its control to over $74 billion.
Meanwhile, shortcoin products have seen a small spill of $1.4 million, suggesting a decline in bearish sentiment.
Ethereum extends execution
Ethereum continued its strong performance, extending its influx streak for nine consecutive weeks.
Coinshares reported that digital assets had seen a new inflow of $124 million last week, pushing them to a total of $2.2 billion since mid-April.
Like Bitcoin, Spot Ethereum ETFs also played a key role in the inflow streak, with nine products inflows on the 25th of the last 30 trading days, bringing together nearly $1.5 billion.
Meanwhile, market observers have linked the rising ETH influx to several key factors, including the recent upgrade of Pectra and the growing institutional interest in crypto.
Other altcoins also showed resilience last week by attracting a modest influx.
Solana saw $2.78 million in new capital, while XRP brings $2.69 million, reflecting a continuous but careful appetite for alternative tier 1.
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