Digital asset investment products attracted $646 million in inflows last week, with Bitcoin receiving the lion’s share. BTC saw its price jumped 4.5% to above $72,000 today.Digital assets witnessed a surge in investor interest last week, as evidenced by the recent inflows into various digital asset investment products. Last week, $646 million poured into these vehicles, pushing the year-to-date inflows to an unprecedented $13.8 billion.The most significant focus of the inflows continues to be Bitcoin, with $663 million in inflows in Bitcoin investment products last week. The flagship cryptocurrency is up 4.51% on the day, trading for $72,384.64 at the time of writing. Bitcoin Inflows Continue to DominateBitcoin, the world’s largest cryptocurrency by market capitalization, continues to be the unwavering focus of investors. In the past week alone, $663 million was poured into Bitcoin investment products, demonstrating the asset’s enduring confidence.Notably, short-bitcoin investment products experienced outflows for the third consecutive week, amounting to $9.5 million, indicating a slight capitulation among bearish investors who had been betting against the cryptocurrency. Moderation in Digital Asset ETF Investors?Despite the ongoing interest, there has been a moderation in ETF investors’ appetite, with weekly flow levels not reaching the highs seen in early March. The trading volume in the last week decreased to $17.4 billion, a significant drop from the $43 billion recorded in the first week of March.This could be attributed to investors taking a more cautious approach amid the heightened volatility in the cryptocurrency market.While Bitcoin remains a dominant force, there is a notable trend of diversification among investors. Ethereum, the second-largest cryptocurrency, saw outflows for the fourth consecutive week, totaling $22.5 million.

However, this was counterbalanced by inflows into other altcoins such as Litecoin, Solana, and Filecoin, which collectively saw inflows of nearly $10 million. This shift in focus suggests that investors are not solely fixated on Bitcoin but are also exploring the potential of other blockchain-based projects.The sentiment towards digital assets remains divided on a regional basis. The United States, the largest cryptocurrency market, witnessed inflows of $648 million, with countries like Brazil, Hong Kong, and Germany also experiencing positive inflows.On the other hand, Switzerland and Canada saw outflows, indicating a more cautious approach in these markets.

Bitcoin’s price has been on a roller coaster ride, with the current price at $72,384.64, marking a 4.51% increase from the previous close at the time of writing. The market capitalization of Bitcoin has now surpassed $1.4 trillion, cementing its position as a significant player in the global financial landscape.More By This Author:Three Stocks Worth Holding If Rates Stay Higher For Longer Is Samsung Poised For Significant Growth As The AI Chip Market Surges?U.S. Economy Added 303k Jobs In March, More Than Expected