Regional trends showed mixed sentiment. While U.S.-based funds saw .2 billion in inflows, European markets recorded net outflows of 1 million. Investors in Germany, Switzerland and other European countries appeared to capitalize on recent price highs to take profits, Butterfill noted. At the same time, markets in Australia, Canada, and Hong Kong saw positive flows, contributing million, million, and million, respectively.
Among altcoins, Solana (SOL) outpaced Ethereum (ETH), drawing million in weekly inflows compared to Ethereum’s .8 million. XRP (XRP), Litecoin (LTC), and Chainlink (LINK) also saw notable demand, with inflows of million, .1 million, and .3 million, respectively. However, multi-asset investment products faced their second consecutive week of outflows, totaling .5 million, per data.
Mixed regional crypto sentiment
Crypto investment funds hit another weekly inflow milestone of .13 billion, as total inflows since September reached .2 billion amid shifting interest rate policies, data from CoinShares indicates. According to a Nov. 25 research report, year-to-date inflows now stand at a record billion, far outpacing early adoption of U.S. gold exhcange-traded funds, which drew 9 million in their first year.
CoinShares head of research James Butterfill says Bitcoin (BTC) accounted for the bulk of last week’s inflows, attracting billion. As Bitcoin’s price neared 0,000, short-Bitcoin products saw million in inflows, bringing their monthly total to million, the highest level since August 2022.
