Bitcoin experienced outflows of $457 million in the past week, marking the first significant withdrawals since early September. CoinShares interpreted this figure as profit-taking after BTC tested the key psychological level of $100k. Short-Bitcoin products saw a modest inflow of $0.5 million during the past week.<\/p>\n
On the other hand, altcoins mostly attracted inflows, including Ripple\u2019s XRP.<\/p>\n
According to the latest CoinShares report<\/a>, Ethereum saw inflows totaling $634 million, reflecting a dramatic shift in sentiment that has driven its year-to-date inflows to $2.2 billion, surpassing its 2021 record of $2 billion.<\/p>\n XRP<\/a> experienced inflows of $95 million, the largest on record, likely due to the hype surrounding the possible launch of a US ETF.<\/p>\n Closely following XRP were Cardano and Chainlink, with $0.9 million and $0.8 million in inflows, respectively. Litecoin, however, saw a modest $0.2 million in inflows during this period. Meanwhile, multi-asset products and Solana experienced outflows of $16.3 million and $3.8 million, respectively.<\/p>\n Zooming out, digital asset investment products attracted a total of $270 million in inflows last week, revealing an unusual contrast in asset flows within the class.<\/p>\n Although US ETFs began offering options, despite high initial volumes, ETP volumes have not seen a similar increase, with last week\u2019s total at $22 billion compared to $34 billion the previous one.<\/p>\n Inflows this year have reached a record-breaking $37.3 billion.<\/p>\n Regionally, the US dominated with inflows of $266 million, while Hong Kong and Germany also saw notable inflows of $38.7 million and $12.3 million, respectively. Australia, too, experienced inflows of $9.5 million in the past week.<\/p>\n Meanwhile, Switzerland had the largest outflows at $26.2 million, followed by Sweden and Canada with $16.6 million and $10 million in outflows, respectively. Brazil also recorded a minor outflow of $3.8 million during the same period.<\/p>\n The post ETH Products Outperform BTC, While XRP Sees New Record: CoinShares<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin experienced outflows of $457 million in the past week, marking the first significant withdrawals since early September. CoinShares interpreted this figure as profit-taking after BTC tested the key psychological level of $100k. Short-Bitcoin products saw a modest inflow of $0.5 million during the past week. On the other hand, altcoins mostly attracted inflows, including […]<\/p>\n","protected":false},"author":0,"featured_media":25240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25239"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25239"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25240"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}