Volume 268: Digital Asset Fund Flows Weekly Report
Digital Asset Flows See US$454m Outflows Amid Fed Rate Cut Fading US$454m weekly outflows; four-day US$1.3bn streak nearly wiped out early-year US$1.5bn inflows, mainly due to lower March Fed cut expectations. US$569m outflows from the US, Germany (US$58.9m), Canada (US$24.5m), and Switzerland (US$21m) saw inflows. Mixed signals amongst assets with Bitcoin and Ethereum seeing outflows, while Solana, XRP and Sui saw inflows. Digital asset investment products saw US$454m in outflows last week. A four-day run of outflows last week totalling US$1.3bn almost completely reversed the US$1.5bn in inflows recorded in the first two days of this year. This turnaround in sentiment appears to stem mainly from investor worries over the diminishing prospects of a Federal Reserve interest rate cut in March following recent macro data releases.Regionally, the United States was the only market to show negative sentiment, recording outflows of US$569m. In contrast, several other countries saw inflows: Germany led with US$58.9m, followed by Canada at US$24.5m and Switzerland at US$21m.Bitcoin bore the brunt of the negative sentiment, seeing US$405m outflows last week, although we also saw US$9.2m outflows from short-bitcoin sending mixed signals as to the general market sentiment for the asset.Ethereum saw outflows totalling US$116m last week, alongside US$21m in outflows from multi-asset products. Binance and Aave products recorded smaller outflows of US$3.7m and US$1.7m, respectively.Positive sentiment persisted for XRP, Solana, and Sui, drawing inflows of US$45.8m, US$32.8m, and US$7.6m, respectively.To access all our research click here.To see the full detail report, click here. Volume 268: Digital Asset Fund Flows Weekly Report was originally published in CoinShares Research Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
https://researchblog.coinshares.com/volume-268-digital-asset-fund-flows-weekly-report-a555a6e169c1?source=rss----e06f679d11d---4