While institutional traders continue to put money behind BTC investment products, Ether funds have seen outflows in 10 of the past 11 weeks.
14.6% to sit at roughly $38,000, while Ether has dropped 16.2% to $2,668 at the time of writing. Other top assets such as Cardano , Solana and Ripple have also suffered double-digit losses.
CoinShares noted that despite “price weakness and perceived negative impact from the looming conflict in Eastern Europe,” digital asset investment products in general saw inflows totaling $109 last week. Outside of Bitcoin’s dominance, institutional traders also snapped up $25 million worth of investment products tied to Ethereum competitor Avalanche, while multi-asset and Solana funds also saw notable inflows of $9.4 million and $1.2 million each.
“Following the run of outflows in January, the latest data marks the 5th week of inflows. While inflows were seen in both Europe and the Americas, it was predominantly the latter with inflows totaling US$101M."
France Dernières Nouvelles, France Actualités
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