The digital asset investment landscape witnessed a significant surge, with inflows totaling $2 billion last week. Bitcoin led the way with $1.97 billion, but Ethereum stole the spotlight with its best week of inflows since March. This momentum marks a five-week streak, bringing total inflows to $4.3 billion.

Crypto Fund Inflows Soar

Trading volumes in crypto Exchange-Traded Products (ETPs) surged to $12.8 billion, a 55% increase from the previous week. Weaker-than-expected macroeconomic data in the US has led to anticipation of earlier monetary policy rate cuts, boosting total assets under management (AuM) beyond the $100 billion mark.

Regional Inflows

The United States dominated inflows, contributing $1.98 billion, including the third-largest daily inflow on record. The iShares Bitcoin ETF (IBIT) by BlackRock has now surpassed the Grayscale Bitcoin Trust, with $21 billion in AuM.

Ethereum's Rise

Ethereum experienced its best week of inflows since March, with a total of $69 million. This surge is likely a reaction to the SEC's unexpected decision to approve Spot Ethereum ETFs. Fantom and XRP also saw modest inflows, with speculations of a potential XRP ETF in the US catalyzing the recent surge.

Inflation Data Ahead

Crypto enthusiasts are closely monitoring key inflation data this week, with the US Consumer Price Index (CPI) and Producer Price Index (PPI) reports due on Wednesday and Thursday. These figures will provide a clear understanding of the current inflation scenario and shape the Federal Reserve's future interest rate decisions.

Conclusion

The digital asset investment landscape is witnessing a significant upsurge, with Bitcoin and Ethereum leading the charge. As inflation data is released, the market will be watching closely to see how it impacts the Federal Reserve's decisions and the future of digital assets."