Digital asset investment products faced their largest weekly outflows since March as $1.43 billion exited the market. Despite this, trading volumes in exchange-traded products (ETPs) surged to $38 billion, around 50% above the yearly average, which reflected \u201cincreasingly polarised\u201d investor sentiment over US monetary policy.<\/p>\n
Early in the week, fears of a hawkish Federal Reserve outlook triggered $2 billion in outflows. Despite this, sentiment rebounded after Jerome Powell\u2019s Jackson Hole speech, which investors viewed as more dovish than anticipated. This eventually led to $594 million in inflows.<\/p>\n
In the latest edition of \u201cDigital Asset Fund Flows Weekly Report,\u201d CoinShares revealed<\/a> that investor behavior showed<\/a> a clearer tilt toward Ethereum compared to Bitcoin during the recent market turbulence. Ethereum staged a strong recovery mid-week and restricted outflows to $440 million, far below Bitcoin\u2019s $1 billion decline.<\/p>\n On a month-to-date basis, Ethereum recorded inflows of $2.5 billion, while Bitcoin remains in negative territory with $1 billion in net outflows. Year-to-date, Ethereum inflows represent 26% of total assets under management, compared with Bitcoin\u2019s 11%.<\/p>\n Investor activity favored several altcoins this past week, with XRP leading at $25 million in inflows. Solana and Cronos also gained $12 million and $4.4 million in inflows, respectively. Next up was Cardano with $2.9 million, followed by Chainlink with $2.1 million. Litecoin also attracted a minor inflow of $0.3 million over the past week.<\/p>\n Sui and Ton, on the other hand, suffered the most with outflows of $12.9 million and $1.5 million, respectively. Multi-asset products also witnessed $0.6 million in outflows.<\/p>\n Regionally, the United States experienced the largest outflows, with $1.31 billion over the past week, while Sweden and Switzerland recorded $135 billion and $11.8 billion in withdrawals, respectively. Several other countries, however, saw modest inflows.<\/p>\n Germany, for one, led with $18.4 million in inflows, followed by Canada with $3.7 million and Australia with $3.5 million. Hong Kong contributed $2.6 million, while Brazil also attracted $1 million in inflows during the same period.<\/p>\n The post Crypto Funds Just Lost $1.43B in the Biggest Drain Since March<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Digital asset investment products faced their largest weekly outflows since March as $1.43 billion exited the market. Despite this, trading volumes in exchange-traded products (ETPs) surged to $38 billion, around 50% above the yearly average, which reflected \u201cincreasingly polarised\u201d investor sentiment over US monetary policy. Early in the week, fears of a hawkish Federal Reserve […]<\/p>\n","protected":false},"author":0,"featured_media":91141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91140","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\/91140"}],"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=91140"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91141"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Regional Divergence<\/h2>\n