#ETHnews
Ethereum Defies Market Panic
According to the latest edition of the “Digital Asset Fund Flows Weekly Report,” Bitcoin experienced the largest outflows amid bearish sentiment and lost $404 million over the week. Still, its year-to-date inflows remain solid at $20 billion, which CoinShares explained as “an understandable dynamic” given the asset’s “sensitivity to monetary policy shifts.”
Ethereum also dipped later in the week but secured its 15th consecutive week of inflows, with $133 million. Investor confidence extended to other altcoins as well. XRP saw $31.3 million, Solana $8.8 million, and SEI $5.8 million in inflows.
Smaller gains were recorded by Cardano and Aave, which attracted $1.3 million and $1.2 million, respectively.
On the other hand, multi-asset products recorded $4.8 million in outflows over the past week. Sui and Litecoin followed, with $0.8 million and $0.2 million.