Cryptocurrency asset manager CoinShares has released its latest Digital Asset Fund Flows Weekly Report, indicating a positive yet cautious sentiment among investors.
Digital asset investment products recorded a total inflow of $226 million last week, indicating that the recovery trend continues after significant outflows in previous weeks.
Bitcoin continues to attract investor interest, generating $195 million in inflows. Meanwhile, short-Bitcoin investment products saw a total outflow of $2.5 million for the fourth week in a row. The recent drop in Bitcoin’s price has pushed total assets under management (AUM) for global Bitcoin exchange-traded products (ETPs) to $114 billion, the lowest level since the last US election.
Positive Mood Prevails in Altcoin Funds with Net Inflow
Altcoins also saw a notable shift in investor sentiment, recording their first weekly inflows in five weeks worth $33 million. Ethereum led the way with inflows of $14.5 million, followed by Solana ($7.8 million), XRP ($4.8 million), and Sui ($4.0 million). This turnaround came after four weeks of consecutive outflows totaling $1.7 billion.
Geographically, all major regions saw inflows last week. The US led the way with $204 million, followed by Switzerland ($14.7 million) and Germany ($9.2 million). However, there were small outflows in Hong Kong ($2.1 million) and Brazil ($1.3 million).
Despite the overall inflow trend, last Friday saw small outflows of $74 million, which CoinShares attributed to investors’ reactions to stronger-than-expected U.S. core personal consumption expenditures data. The report suggests that this economic indicator has reinforced expectations for a hawkish stance from the Fed, despite signs of a broader economic slowdown.
*This is not investment advice.
