The digital asset market has soared in popularity, with impressive year-to-date inflows pushing past the $1.14 billion mark. Total assets under management (AuM) have seen a substantial jump of 9.6% just within the last week and standing at $44.3 billion, the highest since May 2022. Bitcoin Exchange-Traded Product (ETP) volumes have grown significantly, currently operating at 19.5% of total Bitcoin trading on established exchanges. And with a bullish attitude still surrounding the market, inflows of $240 million recorded in the last week for Bitcoin and $49 million for Ethereum indicated a noticeable shift in sentiment, seemingly triggered by the recommendation of a U.S. Securities and Exchange Commission-ID Allow (SEC)-hinted proposed spot-based ETF. Finally, the emerging presence of blockchain equity ETFs are making its mark, evidenced by last week’s record-breaking inflow of $14 million and a $11 million total for the year.
