Investors paid $ 224 million in crypto funds, but Bitcoin outputs have grown eyebrows


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Crypto-active investment products saw continuous capital entries last week, adding $ 224 million in new funds, the latter said report of corners. This marks the seventh consecutive week of positive flows, bringing the total to $ 11 billion during this period.

Despite the entries of the headlines, the feeling of investors seemed more prudent than the previous weeks. Coinshares, research manager, James Butterfill noted that uncertainty around the next movement of the American federal reserve on interest rates has introduced hesitation among cryptographic investors.

Without any clear signal to the fact that the FED will perale or hold stable rates, capital remains away, awaiting stronger macroeconomic indices.

Ethereum dominates the entries while Bitcoin sees outings

Ethereum has become the most efficient of the week in terms of funds, attracting $ 296.4 million in new investments. This brings its total entry of seven weeks to around 1.5 billion dollars, which represents around 10.5% of total assets under management (AUM) in investment products linked to Ethereum.

Coinshares has described this as the most sustained entry period in Ethereum since the 2020 US elections, suggesting a resurgence of investor confidence in the asset.

Cryptographic asset funds. | Source: Coinshares

On the other hand, Bitcoin saw net outings for the second consecutive week, losing $ 56.5 million. The outings were reflected in short -term products, which also recorded a second consecutive week of buyout.

This is aligned with the broader theme of prudence on the market, in particular with the difficulty of bitcoin above $ 105,000 during recent sessions. Outings can reflect merchants who came out of Bitcoin in favor of Ethereum or simply reduce global exposure due to macro.

Regional activity and performance Altcoin

The United States has led all regions in terms of net entries, contributing to a total of $ 175 million. The other notable contributors included Germany ($ 47.8 million), Switzerland ($ 15.7 million), Canada ($ 9.8 million) and Australia ($ 6.5 million).

Crypto Asset Flows by region. | Source: Coinshares

On the other hand, Brazil and Hong Kong have recorded $ 9.2 million and $ 14.6 million, respectively. Hong Kong data is particularly notable, marking the end of the recent record entry sequence drawn by its new ETF Crypto.

The activity in the Altcoin segment has remained relatively deaf. SU has recorded a modest of $ 1.1 million in entries, while XRP continued its downward trend with $ 6.6 million in outings, its third consecutive week in the red.

Although these movements are relatively low in dollars, they continue to reflect a general lack of conviction on the Altcoin markets during this consolidation phase.

The global evaluation of the capitalization of digital currency. | Source: TradingView.com

Star image created with Dall-E, tradingView graphic

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