In the last four weeks, digital asset investment products have seen a significant increase in inflows, totaling $742 million, according to the latest weekly report from CoinShares. This marks the longest run of entries since the last quarter of 2021.

In the week ending July 17, 2023, these products drew $137 million in tickets. Bitcoin, the leading cryptocurrency, accounted for the largest share, with inflows totaling $140 million, accounting for 99% of all inflows. This comes despite Bitcoin short investment products experiencing a 12th consecutive week of outflows, amounting to $3.2 million.

Investment products trading volumes remained strong, totaling $2.3 billion for the week, well above the annual average of $1.4 billion. This indicates that investment products represent a higher proportion of total crypto volumes, accounting for 11% last week compared to the average of 2%.

North America was the main focus of inflows, with the US and Canada seeing inflows of $109 million and $28 million respectively. Meanwhile, Europe experienced minor outflows, with the exception of minor inflows in Switzerland.

Despite Ethereum’s recent price appreciation, it did not attract inflows. Instead, it experienced outflows of $2 million last week, maintaining its position as the asset with the most outflows of the year to date.

Altcoins like Solana, Polygon and Litecoin it saw minor inflows, which ranged from $0.3 million to $0.5 million.

These data underscore continued investor interest in Bitcoin, even as other digital assets show mixed fund flow trends.