The recent week has seen an inflow of nearly $17.5 million in Ethereum, its largest inflow of funds since August 2022.
According to the latest report from CoinShares, the inflow into digital asset investment products has come positive for the 6th consecutive week of October 29 to November 3.
The week has recorded an inflow of $261 million, which now represents nearly 30% of the total inflow during the year. These six weeks of inflows have now accumulated to a total of $767 million, surpassing the entire inflow amount of $736 million recorded in 2022.
The report reveals that Bitcoin has received $228 million, which is more than 80% of the funds, whereas Ethereum has received $17.5 million, followed by Solana with nearly $11 million.
While suggesting an insurgent in the Ethereum ecosystem, it also notes that Ethereum has a current outflow of $107 million this year.
With this boost, the yearly inflow totaling $767 million for the current year has already surpassed the total inflow of $736 million recorded last year in 2022.
CoinShares also revealed that most of the inflow has come from the U.S. followed by Germany and Switzerland.