Digital Asset Investment Products See $644 Million Inflows, Led by Bitcoin; Ethereum Suffers $86 Million Outflows

Digital asset investment products experienced a resurgence, recording $644 million in net inflows for the week ending March 21, reversing a five-week outflow trend, according to CoinShares. Bitcoin spearheaded this recovery with $724 million inflows, marking its largest net inflow since January. However, Ethereum faced significant headwinds, with $86 million in outflows, marking the fourth consecutive week of net weekly outflows. XRP and Solana led altcoin inflows, while Polygon and Chainlink saw modest gains. The US dominated inflows with $632 million, primarily through BlackRock's IBIT. Switzerland, Germany, and Hong Kong also contributed positively. Solana is poised for its first US futures ETF, potentially paving the way for a spot ETF. XRP benefited from the SEC's dismissal of its lawsuit against Ripple Labs.