In the fast-paced world of crypto assets, Investment trends are constantly evolving. According to Coinshares’ “Weekly Digital Asset Fund Flows Report,” the industry experienced inflows of just under $0.5 billion in the half of the year. While this indicates a healthy interest in the Market, recent weeks have seen a notable shift in investor sentiment. Meanwhile, AVAX and short Bitcoin are among the coins sold. Here are the details…
AVAX and these coins sold seven
The report revealed that there was a significant outflow of 93 percent from long Bitcoin investment products, reaching $3.1 million for 14 consecutive weeks. This trend suggests that investors have been benefiting from profits recently, but overall sentiment towards the leading cryptocurrency remains supportive. Interestingly, investors’ focus seems to have shifted towards altcoins other than Ethereum. Altcoins saw an influx of $3 million last week, and inflows over the past eight weeks have reached an impressive total of $19 million. Among the altcoins, Cardano, Solana and XRP witnessed the largest inflows with $0.64 million, $0.6 million and $0.5 million, respectively. Litecoin also recorded an inflow of $0.4 million.
In comparison, Ethereum experienced small outflows totaling $1.9 million, and AVAX saw outflows of $0.4 million over the same period. Despite these exits, Ethereum remains a dominant force in the market. Their long-term prospects continue to attract investors’ attention. The report also examined transaction volumes for crypto asset investment products, which were relatively low with US$915 million during the week. That figure pales in comparison to the average weekly $1.5 billion recorded over the year so far. A similar trend has been observed in the broader Bitcoin market. A total of US$16 billion was traded on reputable exchanges last week, compared to an average of US$52 billion per week for the year.
Asset distribution varies from country to country
Apart from the sale of BTC, AVAX also drew attention to regional changes. Regionally, the adverse weather has seen intensification in North America, with both the U.S. and Canada witnessing outflows of $11 billion. However, the situation on the international front was not very pleasant as Germany experienced an inflow of $ 5 million. Meanwhile, Switzerland and Sweden received $3.2 million and $2.6 million, respectively.
parofix.com
AVAX and these coins sold seven
The report revealed that there was a significant outflow of 93 percent from long Bitcoin investment products, reaching $3.1 million for 14 consecutive weeks. This trend suggests that investors have been benefiting from profits recently, but overall sentiment towards the leading cryptocurrency remains supportive. Interestingly, investors’ focus seems to have shifted towards altcoins other than Ethereum. Altcoins saw an influx of $3 million last week, and inflows over the past eight weeks have reached an impressive total of $19 million. Among the altcoins, Cardano, Solana and XRP witnessed the largest inflows with $0.64 million, $0.6 million and $0.5 million, respectively. Litecoin also recorded an inflow of $0.4 million.
In comparison, Ethereum experienced small outflows totaling $1.9 million, and AVAX saw outflows of $0.4 million over the same period. Despite these exits, Ethereum remains a dominant force in the market. Their long-term prospects continue to attract investors’ attention. The report also examined transaction volumes for crypto asset investment products, which were relatively low with US$915 million during the week. That figure pales in comparison to the average weekly $1.5 billion recorded over the year so far. A similar trend has been observed in the broader Bitcoin market. A total of US$16 billion was traded on reputable exchanges last week, compared to an average of US$52 billion per week for the year.
Asset distribution varies from country to country
Apart from the sale of BTC, AVAX also drew attention to regional changes. Regionally, the adverse weather has seen intensification in North America, with both the U.S. and Canada witnessing outflows of $11 billion. However, the situation on the international front was not very pleasant as Germany experienced an inflow of $ 5 million. Meanwhile, Switzerland and Sweden received $3.2 million and $2.6 million, respectively.
parofix.com
