A whopping $321 million has flown into the market as digital asset investment products enjoy second consecutive week of inflows. This remarkable increase matches well with the Federal Open Market Committee’s (FMOC) recent policy of changing the interest rate to 50 basis points. Overall, assets under management rose by 9%, indicating sound investor sentiment. Bitcoin ($BTC) led with $284 million in inflows, while recent price changes also drew investments into short-bitcoin products. Coinshare shared the report on its official website.
Regional Inflows and Outflows
In particular, the United States recorded inflows of $277 million, marking a substantial share of the week’s total. Switzerland followed with its second-largest weekly inflows of the year, amounting to $63 million. However, not all regions echoed this trend; Germany, Sweden, and Canada faced outflows totalling $9.5 million, $7.8 million, and $2.3 million, respectively.
Bitcoin, Ethereum, and Solana See Continued Outflows
Bitcoin (BTC) emerged as investors’ primary focus, gaining $284 million in inflows. This marks a notable increase in interest, driven mainly by the favourable market response to recent economic adjustments. Short-bitcoin investment products also attracted $5.1 million, signalling that some investors are hedging their bets against potential market corrections.
Ethereum ($ETH) remains on a different trajectory, recording outflows for the fifth consecutive week. These outflows, totaling $29 million, stemmed primarily from reduced investor confidence in the Grayscale Trust and lower interest in recently launched Ethereum ETFs.
Solana (SOL) investment products saw modest, consistent inflows totalling $3.2 million. This repeats the platform’s ability to attract investors interested in expanding their portfolios from Bitcoin and Ethereum. The digital asset market seems to have growth potential, with Bitcoin *BTC* as the key representative. While *ETH* faces challenges, the landscape remains dynamic, with other assets like Solana *SOL* gaining steady traction. Investors are taking strategic positions, navigating the evolving market with caution and optimism.
