Bitcoin (BTC) Investment Products See Significant Outflows, While Altcoins Like Ethereum (ETH), LIDO (LDO), and XRP (XRP) Experience Influx

Bitcoin has experienced significant outflows, while altcoins like Ethereum, LIDO, and XRP have seen an influx of investments.

Bitcoin saw massive outflows, while altcoins like Ethereum, LIDO, and XRP experienced inflows, as per the latest Digital Asset Fund Flows Weekly Report. Bitcoin outflows reached $621 million, marking the highest withdrawal since March 22, 2024.

The outflows from Bitcoin were attributed to the FOMC's hawkish pivot, leading investors to reduce their holdings in assets like Bitcoin, which has a limited supply. This sentiment was also reflected in the $1.8 million inflows into short-Bitcoin positions, indicating skepticism about Bitcoin's short-term prospects.

Among altcoins, Ethereum led the inflows with $13 million, followed by LIDO with $2 million and XRP with $1 million, showcasing a shift in investor interest towards these digital assets. Investors are diversifying their portfolios within the crypto space, exploring opportunities beyond the leading cryptocurrency.

Total outflows from digital asset investment products amounted to $600 million, with the United States accounting for the majority at $565 million. However, the negative sentiment was not limited to the US, as Canada, Switzerland, and Sweden also experienced outflows. Germany, on the other hand, saw inflows of $17 million.

Trading volumes remained low at $11 billion for the week, compared to the $22 billion weekly average for the year. Despite this, volumes were still significantly higher than the $2 billion a week observed last year.

Total assets under management (AuM) fell from above $100 billion to $94 billion over the week, reflecting the recent price sell-offs and investor caution. As the cryptocurrency market continues to evolve, the shift in investment patterns between Bitcoin and altcoins like Ethereum, LIDO, and XRP will be closely monitored by investors and analysts alike.

The market’s response to macroeconomic indicators and regional developments will play a crucial role in shaping the future landscape of digital assets.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btc-investment-products-outflows-altcoins-ethereum-eth-lido-ldo-xrp-xrp-experience-influx.html

The above is the detailed content of Bitcoin (BTC) Investment Products See Significant Outflows, While Altcoins Like Ethereum (ETH), LIDO (LDO), and XRP (XRP) Experience Influx. For more information, please follow other related articles on the PHP Chinese website!