CoinShares’ Digital Asset Fund Flows Weekly Report, released on December 11, reveals insights into a shifting focus among institutional investors. While the market witnesses sustained inflows of $43 million, marking 11 consecutive weeks of positive activity, a closer inspection reveals a subtle decrease in weekly flows compared to previous periods.
Meanwhile, this suggests a subtle shift in the focus of institutional investors amid the current market selloff.
A standout revelation in the report is Europe’s dominance, leading the charge with substantial inflows of $43 million. This signals a robust appetite for crypto investments in the region. Conversely, the United States, contributing $14 million in inflows, half of which stems from short positions, paints a diverse and intriguing picture of investor sentiment.
However, Hong Kong and Brazil depict a contrasting trend, experiencing outflows of $8 million and $4.6 million, respectively. These regional variations underscore the intricate dynamics at play in the global crypto landscape.
Beyond regional insights, the CoinShares report spotlights a significant milestone—the largest weekly inflows into blockchain equities on record, totaling an impressive $126 million. This surge suggests a growing interest and heightened confidence in companies associated with the blockchain sector.
Bitcoin, the crypto giant, continues to draw attention with recent weekly inflows totaling $20 million and a robust year-to-date figure of $1.7 billion. However, caution is advised with an influx of $8.6 million in short-bitcoin positions, indicating concerns about the sustainability of the recent price surge.
As the Bitcoin price slipped 2.83% to $42,324.09, erasing recent gains, investors grapple with a market seemingly on the edge. With Bitcoin touching highs of $44,034.62 and lows of $41,329.86 in the past 24 hours, a potential crypto market selloff looms.
Read More: Will Bitcoin Bounce Back? Experts Weigh In on the Future of Crypto
On the other hand, the second largest crypto by market cap, Ethereum marks a noteworthy turnaround, experiencing its sixth consecutive week of inflows at $10 million. This comes after seven weeks ago, Ethereum faced year-to-date outflows of $125 million, showcasing renewed investor confidence.
However, the Ethereum price was down 3.34% to $2,241.14, amid a gloomy sentiment witnessed in the market. The broader impact is evident in the 2.8% slump in the global crypto market cap, settling at $1.58 trillion.
Delving into market dynamics, the report highlights continued favoritism towards altcoins. Solana and Avalanche, in particular, attracted $3 million and $2 million in inflows, respectively, in the past week.
This Might Interest You: Top 3 Altcoins Poised for Significant Growth Following ETF Approval
As institutional investors navigate the evolving crypto landscape, these nuanced trends underscore the imperative for a strategic reassessment, adapting to the dynamic nature of the market. Would you agree?
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