📈💰 Crypto Funds See $224M in Weekly Inflows – Ethereum Takes the Spotlight! 💥🔥
According to the latest data from CoinShares, digital asset investment products attracted $224 million in inflows last week, marking the 7th straight week of positive momentum! 🚀 That brings the total inflows during this period to a massive $11 billion 💸
👑 Ethereum Steals the Show While Bitcoin Slips
Even though the pace of inflows has slowed down as investors tread carefully ahead of the US Fed's next move 🏛️, Ethereum led the charge with a whopping $296.4 million in inflows — its best week since the 2024 US elections 🗳️✨
Over the past 7 weeks, ETH has racked up $1.5 billion in total inflows, now representing 10.5% of all assets under management (AUM). That’s a major comeback for the world’s second-biggest crypto 💪🟣
Meanwhile, Bitcoin didn’t fare so well, seeing $56.5 million in outflows for the second week in a row ❌📉. Even short-Bitcoin products experienced minor outflows, signaling a drop in bearish bets as traders await clarity on inflation and interest rate trends 📊🕵️♂️
🪙 Altcoins: Mixed Bag
SUI: +$1.1 million ✅
XRP: -$6.6 million ❌ (3rd week of outflows)
🌍 Regional Breakdown of Inflows
United States: +$175 million
Germany: +$47.8 million
Switzerland: +$15.7 million
Canada: +$9.8 million
Australia: +$6.5 million
On the flip side:
Brazil: -$9.2 million
Hong Kong: -$14.6 million (a sharp reversal after record inflows)
🧠 What’s Going On?
The slowdown in new money entering the market reflects growing investor caution 😐 as everyone waits to see what the Federal Reserve will do next regarding interest rates and inflation
Despite the uncertainty, analysts say Ethereum’s surge shows renewed confidence — but the wider crypto market may remain in limbo until there’s more clarity on the macroeconomic front 🔍#BTC #bitcoin