Digital asset investment products attracted $224 million inflows last week, bringing its seven-week total to $11 billion.
Nevertheless, the pace of investment appears to be slowing as investors grow cautiously and await clearer guidance from the US Federal Reserve on broader directions in inflation and monetary policy.
Bitcoin recorded a two-week $56.5 million spill, according to the latest edition of Coinshares’ Digital Asset Fund Flows Weekly Report. Shortcoin products similarly saw a $4.1 million outflow, representing a second consecutive week of interest decline.
Ethereum continued its investment in digital assets with an inflow of $296.4 million this week, marking its seventh straight positive week and totaling $1.5 billion. This corresponds to 10.5% of the assets under management.
This is the strongest influx of victory since the US election in November, indicating a growing optimism among investors. Meanwhile, the multi-asset investment product recorded a $6.6 million spill in the third week of running.
Altcoins remained roughly flat for the same period, with the exception of SUI and ChainLink, resulting in a modest inflow of $1.1 million and $2 million. Meanwhile, XRP faced a $4 million outflow, while Solana and Cardano saw a $2.1 million and $400,000 outflow, respectively.
The US surpassed weekly inflows at $175 million last week, while Germany won $47.8 million. Switzerland, Canada and Australia have donated $15.7 million, $9.8 million and $6.5 million, respectively. Meanwhile, Brazil recorded a $9.2 million outflow. In Hong Kong, $14.6 million was withdrawn, ending the recent surge inflow. Sweden also reported weekly outflows totaling $7.7 million.
