Bitcoin saw $457 million in outflows last week, the first since early September. CoinShares attributes this to profit-taking after BTC tested the psychological $100k level. Short-Bitcoin products even saw an additional $0.5 million. 🤔

Meanwhile, altcoins were flooded with funds! Ethereum set a record with $634 million inflows, surpassing its 2021 record. XRP also saw the largest inflow at $95 million, likely due to the ETF hype in the US.

Cardano and Chainlink followed suit with $0.9 million and $0.8 million inflows respectively. Litecoin? Well, only $0.2 million. However, multi-asset products and Solana saw outflows.

Overall, digital asset investment products attracted $270 million last week. The US led the way with $266 million, while Switzerland saw the largest outflows.

What do you think about this trend? Let's discuss in the comments!