Crypto asset investment products continued their positive trend with a total of $646 million in inflows last week. The inflows since the beginning of the year have reached their highest level at $13.8 billion. Ethereum, however, is experiencing noticeable outflows. Inflows into Solana, Filecoin, Litecoin, XRP, Cardano, and Polkadot are being observed.
Bitcoin Leads the Inflow Race
While Bitcoin remains the focal point with $663 million in inflows, short-focused Bitcoin investment products saw their third consecutive week of outflows, totaling $9.5 million. Ethereum has been the cryptocurrency with continued outflows for the fourth consecutive week, with $22.5 million leaving the market.
On the other hand, significant inflows into altcoins are being noted. Accordingly, Litecoin, Solana, and Filecoin attracted $4.4 million, $4 million, and $1.4 million in inflows, respectively.
What is the Regional Sentiment?
Regionally, sentiment continues to polarize. The United States saw an additional $648 million in inflows, while Brazil, Hong Kong, and Germany saw inflows of $10 million, $9 million, and $9.6 million, respectively.
Switzerland and Canada, on the other hand, experienced outflows of $27 million and $7.3 million, respectively.
