Digital Asset Investment Products attracted $ 224 million in entries last week, extending a seven -week sequence which now totals $ 11 billion, according to the latest weekly Coinshares report.
However, James Butterfill, Coinshares research chief, noted that the pace of entries in these products continues to slow down.
Butterfill underlined the increase in uncertainty on American monetary policy as a key factor at the origin of this trend. He noted that investors are prudent pending other signals from the federal reserve on inflation and potential changes in interest rates.
According to him:
“There was a notable deceleration in a context of uncertainty on monetary policy, investors adopting an expected position before the other signals of the American federal reserve on inflation.”
Ethereum draws $ 1.5 billion in 7 weeks
According to the Coinshares report, investment products linked to Ethereum led the market for the second consecutive week, attracting $ 295.4 million in fresh capital.
This marks its seventh week of earnings, the entries reaching $ 1.5 billion. These entries represent approximately 10.5% of all Ethereum assets under management.
Butterfill noted that it was the strongest race in Ethereum since the American electoral period last November. It also reports a significant rebound in the confidence of investors after the previous weeks of outings related to the stagnation of prices.
Bitcoin, XRP see consecutive weeks of outings
On the other hand, Bitcoin recorded a second consecutive week of outings, with $ 56 million withdrawn. This brings total outings in BTC-related products to around $ 57 million this month.
In particular, short Bitcoin products have also experienced a second week of outings, totaling $ 4.1 million. This year,
Coinshares attributed this tendency to the same political uncertainty weighing on the global feeling of the market.
Meanwhile, the main altcoins experienced mixed performances last week, SU and Chainlink being the main exceptions.
SU has recorded $ 1.1 million in entries, pushing its total flows to $ 100 million this year. At the same time, Chainlink attracted a modest investment of $ 200,000 during the period.
On the other hand, XRP marked its third week of outings, losing $ 6.6 million. However, the digital asset remains the third cryptographic product favored among institutional investors who have paid $ 179 million into the asset this year.
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