Investor hesitancy continued as digital asset investment products witnessed a modest sum of $126 million in outflows last week.
This reluctance could potentially be due to the stall in positive price trends. While trading volumes increased slightly from $17 billion to $21 billion compared to the previous week, activity in ETP/ETFs decreased relative to the overall market.
However, it was Ethereum that faced the most setbacks, with outflows totaling $29 million last week, marking its fifth consecutive week of outflows. Investment products providing exposure for Solana also saw outflows of $3.6 million last week. The rest of the altcoins had another successful week. CoinShares list featured “esoteric names” such as Decentraland, Basic Attention Token, and LIDO, which attracted inflows of $4.9 million, $2.9 million, and $1.8 million, respectively.
The regulars – Litecoin, Polkadot, and XRP – also noted inflows of $1.6 million, $0.8 million, and $0.3 million, respectively, over the past week.Solana Makes a Comeback: $24M Inflows Signal Positive MomentumAI Will be One of those Areas Where Blockchain has Genuinely Improved: Flare Network’s CEO Hugo Philion One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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