Digital asset investment products experienced modest inflows of $6 million last week, which highlighted a \u201cmixed\u201d investor outlook.<\/p>\n
The week started with small inflows, but mid-week data showed stronger-than-expected US retail sales, which, according to CoinShares, likely caused $146 million in outflows.<\/p>\n
According to the latest edition of CoinShares\u2019 Digital Asset Fund Flows Weekly Report<\/a>, Bitcoin<\/a> led the largest flows of the week, with mixed sentiment reflected in intra-week movements, ultimately ending with modest outflows of $6 million. Short Bitcoin products experienced outflows of $1.2 million, continuing a seven-week streak totaling $36 million, or 40% of assets.<\/p>\n Ethereum recorded yet another $26.7 million in outflows last week, which pushed total outflows over the past eight weeks to $772 million. Despite the challenges, the world\u2019s largest altcoin holds the second spot for YTD flows, with net inflows of $215 million. Meanwhile, SUI also saw a small inflow of $1.1 million.<\/p>\n On the other hand, XRP defied trends with $37.7 million in inflows last week. The flows made it the third most successful asset this year, with $214 million in YTD inflows. Multi-asset products followed with $3.1 million in inflows, while Solana and Cardano saw $0.3 million each.<\/p>\n The United States experienced the largest outflow of $71 million, which dragged the monthly outflow to $995 million. This was in contrast to Europe and Canada, which showed positive investor sentiment.<\/p>\n On the inflow side, Switzerland led with $43.7 million, followed by Germany with $22.3 million. Canada saw inflows of $9.4 million, while Sweden recorded $2.1 million. Australia had smaller inflows of $1.2 million, and Brazil had the smallest inflow at $0.7 million.<\/p>\n The post Crypto Products See Modest $6M Inflows Weekly, Reflecting Mixed Investor Sentiment<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Digital asset investment products experienced modest inflows of $6 million last week, which highlighted a \u201cmixed\u201d investor outlook. The week started with small inflows, but mid-week data showed stronger-than-expected US retail sales, which, according to CoinShares, likely caused $146 million in outflows. According to the latest edition of CoinShares\u2019 Digital Asset Fund Flows Weekly Report, […]<\/p>\n","protected":false},"author":0,"featured_media":61550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61549","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\/61549"}],"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=61549"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61550"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}