After a stressful period of external flows, the digital asset market offers signs of life.
Last week, investment products in digital assets attracted $ 226 million in flows, representing nine consecutive trading days of positive feelings and feeding cautious optimism among investors, according to the Coinshares report.
This shift follows a particularly approximate correction, although the slight setback occurred on Friday, with the exit of $ 74 million from the market, it is possible that it is frightening through the unexpectedly high PCE personal spending data (PCE) that can affect the interest rate decisions in the Federal Reserve.
Bitcoin (BTC) is still the undisputed property of encryption assets, withdrawing at $ 195 million in flows.
This enhances its location as a digital asset for institutional investors who seek exposure to the encryption market.
Interestingly, short short products witnessed their fourth consecutive week of external flows, as they total $ 2.5 million, indicating that the homosexuality towards Bitcoin diminishes with long -term optimism.
Despite this recent recovery, the total management assets (AUM) decreased for global products circulating in Bitcoin exchange (ETPS) to $ 114 billion, which is the lowest level in the US presidential election.
This number indicates that there is still progress.
Perhaps the most encouraged signs are that the Altcoin market has finally broke its losing line.
Altcoins collectively got $ 33 million of flows, a welcome change after four consecutive weeks of external flows, which total $ 1.7 billion.
The leadership of these emissions was Altcoin:
- ETHEREUM (ETH): $ 14.5 million
- Solana: 7.8 million dollars
- XRP: 4.8 million dollars
- Sui (sui): $ 4.0 million
This is the first week in more than a month that Altcoins has witnessed positive flows, indicating the renewal of the investor’s confidence in the ecosystems of class 1 and the symbols that focus on payment.
Throughout the world: Where does the encryption money flow?
The positive trend was not limited to one area; The main players around the world contributed to the flows:
- United States: 204 million dollars
- Switzerland: 14.7 million dollars
- Germany: 9.2 million dollars
- Speaking flows were recorded in:
- Hong Kong: $ 2.1 million
- Brazil: $ 1.3 million
Mobility in total economic uncertainty
The recent flows provide a glimmer of hope that the feelings of investors turn into optimistic with caution.
However, the opposite winds of the macroeconomic economy, especially inflation data and federal reserve policy, continue to take a look at short -term expectations.
If this positive momentum can continue, Altcoins can extend its recovery, and Bitcoin can determine a stable position over the current levels.
The continuous recovery indicates the continued strength of institutional interest in the category of comprehensive digital assets.
The post -Bitcoin dominates where the encryption market sees a $ 226 million flowing flow first on Invezz
