According to Coinshares’ latest weekly report, digital asset investment products attracted $224 million inflows last week, extending their seventh consecutive week of totaling $11 billion.
However, James Butterfill, head of research at Coinshares, noted that the pace of influx into these products continues to slow.
Batafil pointed to growing uncertainty about US monetary policy as an important factor driving this trend. He noted that investors are cautious while awaiting further signals from the Federal Reserve regarding inflation and potential interest rate changes.
According to him:
“There has been a significant slowdown amid uncertainty about monetary policy, and investors have adopted a meeting position rather than a further signal from the US Federal Reserve on inflation.”
Ethereum will subtract $1.5 billion in 7 weeks
According to a report by Coinshares, Ethereum-related investment products have led the market for the second consecutive week, drawing out fresh capital of $295.4 million.
This will earn seven weeks of profit, with inflows reaching $1.5 billion. These inflows represent approximately 10.5% of all Ethereum assets under management.
Batafil pointed out that this is Ethereum’s strongest run since last November’s US election. It also shows a significant rebound in investor trust after the last few weeks of outflows related to price stagnation.
See Bitcoin, XRP consecutive week leaks
By contrast, Bitcoin recorded a second consecutive week of outflow, with $56 million being withdrawn. This brings the total BTC-related product outflow to approximately $57 million this month.
In particular, the short Bitcoin product had a second week of leaks, totaling $4.1 million. this year,
Coinshares attributes this trend to the uncertainty of the same policy taking into account the sentiment of the market as a whole.
Meanwhile, major altcoins experienced mixed performance last week, with SUI and chain links being the main exceptions.
SUI recorded an influx of $1.1 million, pushing the total flow this year to $100 million. At the same time, ChainLink raised just $200,000 in investment over the period.
Meanwhile, XRP marked a third week outflow, losing $6.6 million. Still, digital assets remain the third most lucrative crypto product among institutional investors who have poured $179 million into their assets this year.