rewrite this content using a minimum of 1000 words and keep HTML tags
Institutional crypto investment vehicles enjoyed nearly $225 million in inflows last week, according to CoinShares.
In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that last week’s institutional crypto inflows, while positive, have fallen significantly in the last two weeks, perhaps due to uncertainty on US monetary policy.
“Digital asset investment products saw US$224m in inflows last week, extending this 7-week streak to US$11bn. However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the US Federal Reserve on inflation.”
Regionally, the US led internationally with $175 million in inflows. Germany, Switzerland, Canada and Australia followed with $47.8 million, $15.7 million, $9.8 million and $6.5 million in inflows, respectively.
“Minor outflows were seen in Brazil (US$9.2m) and Hong Kong (US$14.6m), with the latter marking an end to record inflows.”
Leading smart contract platform, Ethereum (ETH), has been on a seven-week inflow streak, totaling $1.5 billion, with $296 million in inflows last week. This marks the strongest inflow run for ETH products since the US Election.
Following last week’s trend, Bitcoin (BTC) saw its second consecutive week of outflows, resulting in $56.5 million in losses.
“Altcoins were subdued. Sui attracted minor inflows of US$1.1m, while XRP saw a third week of outflows totaling US$6.6m.”
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Antonov Serg/Sol Invictus
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
