Last week saw $308 million in inflows into digital asset investment products, although this was overshadowed by a major outflow of $576 million on December 19th. The last two days of the week saw total outflows of $1 billion.<\/p>\n
The recent price declines led to a $17.7 billion drop in the total assets under management (AuM) for Digital Asset ETPs, which is likely influenced by the hawkish stance of the Federal Reserve\u2019s dot plot published on Wednesday.<\/p>\n
While these outflows are significant, it is also important to note that the figures represent only 0.37% of total AuM and rank as the 13th largest single-day outflow in history, according to the latest edition of CoinShares\u2019 Digital Asset Fund Flows Weekly Report<\/a>.<\/p>\n In comparison, the largest single-day outflow occurred in mid-2022 when a $540 million outflow (2.3% of AuM) followed the Fed\u2019s interest rate hike.<\/p>\n Although Bitcoin saw some outflows during the week, it ended with net inflows of $375 million, indicating strong market sentiment. On the other hand, short-bitcoin products recorded only $0.4 million in inflows, reflecting a lack of significant interest from short-sellers.<\/p>\n The \u201cmost dramatic\u201d outflows came from multi-asset investment products, which saw a sharp decline of $121 million last week.<\/p>\n On the altcoin front, XRP led the inflows with $8.8 million, followed by Horizen at $4.8 million and Polkadot at $1.9 million over the past week, showing a trend of investors favoring more selective opportunities. Chainlink, Cardano, and Litecoin also received modest inflows of $1.7 million, $0.7 million, and $0.6 million, respectively.<\/p>\n Meanwhile, Ethereum continued its positive streak and attracted<\/a> $51 million, while Solana experienced outflows of $8.7 million during the same period.<\/p>\n The US continued to lead in digital asset inflows, drawing $567 million over the past week. Brazil and Australia followed with $16.6 million and $10.2 million in inflows, respectively, while other regions saw outflows.<\/p>\n Topping the chart with the most outflows during the same period was Switzerland recording $95.1 million, followed by Germany and Canada with $74.7 million and $60.1 million. Outflows were also recorded in Sweden and Hong Kong, with $42.1 million and $12.1 million, respectively.<\/p>\n The post Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Last week saw $308 million in inflows into digital asset investment products, although this was overshadowed by a major outflow of $576 million on December 19th. The last two days of the week saw total outflows of $1 billion. The recent price declines led to a $17.7 billion drop in the total assets under management […]<\/p>\n","protected":false},"author":0,"featured_media":30988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30987","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\/30987"}],"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=30987"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30988"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Switzerland Faces Largest Digital Asset Outflows<\/h2>\n