Recent data indicates that digital asset investment products experienced the largest weekly outflows since March, reflecting shifts in investor sentiment.
Largest Outflows from Funds
Over the past week, $1.43 billion exited the market, marking the most significant outflow since March. This investor behavior was triggered by fears surrounding a hawkish stance from the U.S. Federal Reserve. Earlier in the week, $2 billion in outflows occurred; however, sentiment rebounded after Jerome Powell's speech at the Jackson Hole symposium, leading to $594 million in inflows.
Ethereum Outperforms Bitcoin
According to the latest report from CoinShares, investor behavior shows a clear tilt towards Ethereum compared to Bitcoin. Ethereum restricted its outflows to $440 million, while Bitcoin faced a decline of $1 billion. Month-to-date, Ethereum recorded inflows of $2.5 billion, whereas Bitcoin remained in negative territory with $1 billion in net outflows year-to-date.
Regional Divergence
Regionally, the United States experienced the largest outflows at $1.31 billion, while Sweden and Switzerland saw withdrawals of $135 million and $11.8 million, respectively. However, several other countries recorded modest inflows, with Germany leading at $18.4 million, followed by Canada at $3.7 million and Australia at $3.5 million.
Observations show significant changes in investment activity in the crypto market, with Ethereum standing out against Bitcoin. Regional differences in inflows and outflows also play an important role in the overall picture.
