Research Summary
The report discusses the recent trends in digital asset investment. The report highlights minor outflows in Bitcoin and a growing interest in Ethereum. It notes that digital asset investment products experienced minor outflows totaling US$6.5m, following four weeks of inflows that amounted to US$742m. Bitcoin saw outflows of US$13m, while Ethereum saw inflows of US$6.6m, indicating a shift in investor sentiment. The report also mentions inflows into XRP, Solana, Uniswap, and Polygon.
Actionable Insights
- Bitcoin experienced outflows: Bitcoin saw outflows totaling US$13m, indicating a potential shift in investor sentiment.
- Ethereum is gaining favor: Ethereum saw inflows of US$6.6m, suggesting that investor sentiment for Ethereum is improving.
- Other digital assets saw inflows: XRP, Solana, Uniswap, and Polygon also experienced inflows, indicating a broadening interest in digital assets beyond Bitcoin and Ethereum.
