In a surprising shift, Bitcoin (BTC) investment products saw $13 million of outflows over the past week, while investment products offering investors exposure to Ethereum ($ETH) and $XRP have both seen significant inflows. According to CoinShares’ Digital Asset Fund Flows report, cryptocurrency investment products saw a net outflow of $6.5 million in a week, an unexpected downturn following four weeks of substantial inflows totaling $742 million. The market responded with a rapid influx of capital into Bitcoin-focused investment funds over the following month, marking the fastest pace of investment since October 2021. Investment products focused on Ether saw the most significant inflows among all cryptocurrencies, amassing a total of $6.6 million. Smaller altcoins like Solana’s $SOL, Uniswap’s $UNI, and Polygon’s $MATIC also saw positive fund flows of $1.1 million, $0.7 million, and $0.7 million, respectively.
