Digital asset funds see record inflows, says CoinShares, but will it last?

Cryptocurrencies have hit a record number of inflows globally, particularly in the US, according to the latest weekly report by CoinShares.

James Butterfill, CoinShares’ head of research, says in the report that cryptos and other digital assets are now seeing their highest influx of funds in history:

BTC still reigns

According to Butterfill, the lion’s share of these funds have come from – and continue to come from – Bitcoin:

Ethereum on the way down, Solana and Litecoin on the way up?

Apart from the somewhat predictable outcome of Bitcoin as a frontrunner, the report shared several other interesting changes in crypto asset flows.

Ethereum, for example, saw outflows of $22.5 million last week, representing the fourth consecutive week of outflows.

This was in contrast to most other altcoins which continue to see inflows. Litecoin did particularly well, with $4.4 million in inflows, with Solana not far behind with inflows of approximately $4 million.

However, is the crypto party almost over?

Despite these encouraging numbers, Butterfill said that CoinShares had noticed indications of the trend potentially ebbing.

Whether or not these figures will change in the coming weeks, with the upcoming Bitcoin halving, remains to be seen.