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Cryptocurrency investment products saw net inflows of $308 million last week, marking the 11th straight week of positive movement, according to Currency stocks Latest weekly a report.
However, the week was not without turmoil. On December 19, the industry recorded its largest single-day withdrawal at $576 million. This turbulent activity culminated in nearly $1 billion exiting the market in the latter part of the week.
James Butterville, head of research at CoinShares, explained: Recent market decline It contributed to a $17.7 billion decline in the total assets under management (AuM) of cryptocurrency-based exchange-traded products (ETPs).
According to him, this market performance seems to be responding to Federal Open Market Committee (FOMC) Latest forecasts, which took a more cautious stance on monetary policy.
However, he noted that:
“Although these outflows may seem alarming, they only constitute 0.37% of total assets under management, ranking as the 13th largest single-day outflow ever. The largest single-day outflow occurred in the middle of 2022, when FOMC rate hikes led to outflows of $540 million (2.3% of assets under management).”
Bitcoin and Ethereum dominate
Bitcoin It continued to dominate investor interest, attracting inflows of $375 million despite experiencing days of outflows during the week.
Similarly, Ethereum It maintained strong momentum, garnering $51 million in inflows, bringing its total since the beginning of the month to more than $2 billion. Annual inflows of Ethereum so far stand at $4.5 billion, reflecting the steady confidence of investors.
in contrast, Solana It saw outflows of $8.7 million, contributing to a negative monthly total of $22 million. Multi-asset investment products faced the largest declines, losing $121 million in outflows last week.
However, some altcoins have bucked this trend XRP, That’s whyand Dotted Recording inflows of $8.8 million, $4.8 million, and $1.9 million, respectively. This indicates a targeted approach among investors, with a focus on specific assets despite broader market challenges, Butterell noted.
On the other hand, institutional trends also revealed divergent strategies. Black Rock The iShares ETF attracted over $1.5 billion in inflows and emerged as a major positive mover. Meanwhile, Grayscale and Sincerity ETFs saw notable outflows of $339 million and $293 million, respectively.
