Investment flows into digital assets last week reached 270 million USD, with a stark contrast in cash flows across asset types. Bitcoin recorded an outflow of 457 million USD, marking the first significant withdrawal since September. CoinShares believes this is a profit-taking move after BTC reached the important psychological level of 100k USD.
In contrast, altcoins attracted inflows, notably Ethereum with 634 million USD, surpassing the record set in 2021. XRP also reached a high of 95 million USD, thanks to expectations surrounding the US ETF. Cardano and Chainlink followed with 0.9 million and 0.8 million USD, respectively. 🌟
In the US, inflows reached 266 million USD, while Switzerland experienced the largest outflow at 26.2 million USD.