Bitcoin World
2024-12-24 15:52:14

Digital Asset Inflows Total $308M Amid $1B Late-Week Outflows

Digital Asset Inflows Total $308M Amid $1B Late-Week Outflows Digital asset investment products managed to close the week ending December 23 with $308 million in net inflows , despite $1 billion in outflows over the last two days, according to CoinShares’ weekly fund flow report . Key Highlights: Bitcoin Dominates Inflows : Bitcoin (BTC) saw the lion’s share of net inflows at $375 million , showing continued investor interest despite broader market volatility. Ethereum Recovers : Ethereum (ETH) recorded $51 million in inflows , suggesting resilience following recent market corrections. Outflows in Select Assets : Solana (SOL) faced $8.7 million in outflows , indicating waning investor sentiment. Multi-asset products experienced significant outflows of $121 million , hinting at a shift toward single-asset investments. Total AUM Decline : The total assets under management (AUM) for digital asset exchange-traded products (ETPs) fell by $17.7 billion , largely due to price corrections and the U.S. Federal Open Market Committee’s (FOMC) hawkish signals . Late-Week Sell-Off : A single-day outflow of $576 million on Dec. 19 , coupled with a $1 billion outflow over the final two days , weighed heavily on weekly performance. Market Sentiment Analysis : Institutional Interest Remains : Despite late-week sell-offs, net inflows indicate ongoing institutional interest in digital assets, especially Bitcoin and Ethereum. Broader Economic Factors : The market’s reaction reflects growing uncertainty around U.S. monetary policy , with the FOMC’s hawkish stance contributing to price corrections. Altcoins Under Pressure : Outflows from Solana and multi-asset products suggest that investors are consolidating positions into more established assets like Bitcoin and Ethereum. Looking Ahead : The sharp divergence between inflows and outflows highlights investor caution amid market volatility . As macroeconomic factors evolve , the focus will likely remain on Bitcoin and Ethereum, with altcoins facing mixed sentiment. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.

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