© Reuters.
NEW YORK/BERLIN – CoinShares’ latest report reveals a shift in the cryptocurrency investment landscape, with digital asset investment products seeing net outflows for the first time in 11 weeks. Data shows that Bitcoin funds are facing significant withdrawals, particularly in the United States and Germany, where investors withdrew $32.8 million. Despite this decline, bitcoin trading activity remained strong, with volumes reaching $3.6 billion.
Unlike bitcoin’s outflows, several altcoins have seen renewed interest from investors. Solana led the pack with inflows of $10.6 million, followed by Cardano and XRP, which attracted $3 and $2.7 million, respectively. This divergence indicates a nuanced approach by investors towards different cryptocurrencies.
Amid the mixed sentiment in coin-specific investments, blockchain stocks continue to garner positive attention, securing investments for the ninth consecutive week. The sector added $122 million recently, reflecting continued confidence in the potential of blockchain technology.
Cryptocurrency prices have shown varying trends alongside these investment flows. While the price of bitcoin fell by 1.8%, other digital currencies like Avalanche jumped by more than 10%. Solana and Cardano also posted gains of 3.1% and 3.6%, highlighting a diverse performance landscape within the crypto market.
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