Bitcoin experienced an outflow of $457 million over the past week, marking the first significant withdrawal since early September. CoinShares attributes this to profit-taking following BTC testing the $100k level. 💸
Altcoins, on the other hand, attracted inflows, including XRP, which received a record $95 million, likely due to the hype surrounding a potential ETF launch in the USA.
Ethereum surprised with an inflow of $634 million, surpassing the record from 2021. Total inflows into digital assets amounted to $270 million, showing a contrast in asset flows. 🌐
Regionally, the USA leads with $266 million, while Switzerland experienced the largest outflow at $26.2 million.