Crypto investment vehicles have experienced a significant influx, attracting $1.35 billion in the past week alone, as revealed by CoinShares’ most recent data. This substantial injection brings the cumulative capital inflows to $3.2 billion over the past three weeks, signaling a burgeoning enthusiasm for crypto assets.

Bitcoin, Ethereum, and Solana Lead the Pack

CoinShares‘ report highlights a remarkable $1.27 billion influx into Bitcoin last week. Ethereum also enjoyed a positive turn, with $45 million in new investments, surpassing Solana to become the leading altcoin in year-to-date (YTD) inflows, now totaling $103 million. Solana also saw robust interest, with $9.6 million added last week, bringing its YTD inflows to $71 million. Litecoin emerged as another noteworthy altcoin, garnering $2.2 million in inflows during the same period.

In a related development, digital asset products amassed $1.44 billion in inflows, with the United States contributing $1.3 billion to this total.

This trend aligns with data from Farside Investors, indicating that U.S. Bitcoin spot exchange-traded funds (ETFs) have reached unprecedented levels, amassing over $17 billion in net inflows. BlackRock’s IBIT leads with $18.9 billion, followed by Fidelity’s FBTC at $9.8 billion.

These substantial inflows underscore an increasing institutional embrace of Bitcoin products. BlackRock, a dominant asset manager, has significantly augmented its Bitcoin holdings recently, with its total value now surpassing $20 billion following a fresh acquisition of 4,000 BTC.

Global Inflows and Outflows by Exchange Country

According to CoinShares’ latest report, the U.S. led global inflows, accounting for $1.3 billion out of the $1.35 billion recorded last week. This isn’t the first instance of U.S. dominance in digital asset inflows; on June 8, the country recorded a significant $384 million inflow following a total inflow of $441 million amid German government sell-offs.

Switzerland contributed $66 million in inflows, Australia $3.8 million, and Canada $7.8 million. Conversely, certain nations experienced notable outflows from crypto products. Brazil witnessed a $1.7 million outflow, Hong Kong saw $1.9 million, and Sweden registered $600,000 in outflows.

Additionally, unspecified countries experienced a collective outflow of $600,000. Germany, which recently sold BTC and faced backlash from the crypto community, recorded a substantial outflow of $5.2 million.