Digital asset investment products attracted inflows for the third week in a row, totaling $15 million. However, trading volumes remain 27% below the 2023 average.
Altcoins, however, did not have a great week, according to the latest edition of CoinShares’ “Digital Asset Fund Flows Weekly The past week was less favorable for the world’s largest altcoin, Ethereum, as well, recording outflows of $7.5 million.XRP-dedicated investment products, on the other hand, continued to serve as an outlier among fellow altcoins as they received modest inflows of $0.42 million, marking the 25th consecutive week of inflows this year.
Moreover, the regional disparity remains persistent, with the United States continuing to experience limited inflows, while Europe saw net inflows totaling $7 million last week. Interestingly, Sweden was the sole country in Europe to register outflows during this period.Six Important Considerations for the Ethereum Price Going in Q4 2023