In the past week, digital investment products witnessed comprehensive inflows. As per the latest data, total inflows in digital investment products reached up to $3.4B in the last week, denoting the top weekly spot since mid-December and the 3rd-biggest figure on record. This increase indicates increasing appetite for digital investment vehicles.
Bitcoin and Ethereum Investment Products Attract $3.18B and $183M in Cumulative Weekly Inflows
Bitcoin ($BTC) products reportedly led the charge in the case of inflows, obtaining a notable $3.18B. Additionally, Ethereum ($ETH) also recorded $183M in net inflows following going through outflows for 8 consecutive weeks. Market analysts associate the renewed optimism in the Ethereum-based products with the ETF approvals. Apart from that, many of them also link this to the anticipation of the exclusive upgrades as well as noteworthy whale accumulation.
Solana’s Outflows Reach $5.7M
On the other hand, Solana ($SOL) emerged as an outlier among the well-known altcoins, seeing outflows amassing $5.7M. Traders seem to be engaged in the profit-taking activity following a robust multi-week rally. Along with that, sentiment also plunged because of the ecosystem migrations, leading to heightened frustration among the community participants.
Fidelity and BlackRock Lead Renewed Institutional Demand for Digital Investment Products
In addition to this, the institutional demand, mainly led by key asset managers like Fidelity and BlackRock, is associated with a renewed momentum. The release of many Ethereum and Bitcoin ETFs has triggered an institutional fear of missing out (FOMO). This droves the on-chain activity and prices into overbought zone.
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Moreover, regionally, the investors in the United States led the inflows, cumulatively contributing approximately $3.3B. However, Switzerland and Germany particularly showed resilient interest, witnessing $41.4M and $51.5M in net inflows. The weakening status of the U.S. dollar, along with the growing concerns over the tariffs’ influence on corporate earnings, is noteworthy. These are the major macro factors leading investors to digital assets for perceived safety.
Overall Altcoin Sector Experiences Minimized Activity
Nonetheless, other than Bitcoin and Ethereum, a relatively reduced activity took place in the altcoin sector, with $XRP and $SUI emerging as exceptions. Sui products gained $20.7M while $XRP got $31.6M in latest funds. This highlighted the partial interest of investors in particular blockchains projects irrespective of the wider caution in the broader altcoin sector.