The dominant entry in digital asset investment products was short investment products. However, it saw small inflows totaling $9.2 million. Bitcoin saw a total outflow of $11 million, representing its 4th consecutive week exit. Short Bitcoin investment products saw a record inflow of $18 million last week. Meanwhile, the leading altcoin has seen exits from Ethereum and Binance, while Solana (SOL), Cardano (ADA) and Ripple (XRP) have seen small entries.
Digital asset investment products see entry
According to data from CoinShare, the dominant entry in digital asset investment products was in short investment products last week. However, crypto-asset investment products have seen small inflows totaling $9.2 million.
Similar to last week, this week saw multi-year low weekly trading volume totaling $915 million. Recent price drops have pushed total assets under management (AuM) to $27.9 billion. This marks the lowest point since the beginning of July this year. Total assets under management started the year with $64 billion.
Regionally, the data show a differential sensitivity despite the low transaction sizes. Canada, Brazil, Switzerland and Germany saw inflows of $4.7 million, $3.2 million, $1.7 million and $1.6 million, respectively. The only focus of negative sentiment was the US, where entries total $0.8 million.
While Ethereum and Bitcoin exited, 3 altcoins saw entry
In addition, these entries were concentrated in short Bitcoin investment products. This follows the last FOMC meeting in Jackson Hole, where a much more hawkish view was expressed that was not expected by some investors, as you follow on Kriptokoin.com.
The leading cryptocurrency Bitcoin saw a total output of 11 million dollars. This represents the 4th consecutive week exit from Bitcoin. However, the total of the exits is only around $70 million. Meanwhile, short Bitcoin investment products saw a record inflow of $18 million last week. In addition, the total AuM reached a record $158 million.
In addition, multi-asset investment products saw a total inflow of 3.3 million dollars. Thus, he continued his entries from previous weeks. On the other hand, the leading altcoin Ethereum witnessed a $ 2.1 million exit. Another altcoin project that debuted was Binance with $ 0.3 million. Solana, which received an inflow of 0.5 million dollars in particular, attracted attention. In addition, Cardano and Ripple also managed to attract funds of 0.1 and $ 0.2 million, respectively.
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