Compass Investments

– Main takeaways: Ethereum leads digital asset inflows with $295.4 million, marking the seventh consecutive week of growth.

Bitcoin recorded an outflow of $56 million amid growing concerns over U.S. monetary policy signals.

The U.S. is driving regional inflows of $175 million, while Hong Kong and Brazil are seeing significant outflows.

The second largest digital asset, Ethereum, is once again in the spotlight in the digital asset market.

The cryptocurrency attracted the largest share of global weekly inflows and surpassed bitcoin for the second week in a row.

Investor sentiment is shifting as attention turns to inflation data and possible action by the U.S. Federal Reserve.

A CoinShares report shows that Ethereum led all digital assets in the last reporting week. According to the updated report, the coin attracted $295.4 million in inflows.

Notably, the latest inflow marked the seventh week of growth and brought the total inflow for the year to $1.7 billion.

It is worth noting that it now accounts for 10.5% of all assets under management in Ethereum-related crypto-investment products.

It is important to add that this is the strongest performance for ETH since the US election week last November.

According to the data, the weekly inflow of funds into Ethereum surpassed all other cryptocurrencies.

This indicates renewed confidence from both institutional and private investors.

In contrast, the largest digital asset, bitcoin, experienced another outflow of funds totaling $56 million. This is the second consecutive week of decline.

Bitcoin short products also saw $4.1 million in outflows, indicating that investors are moving away from both sides of the bitcoin trade.

Market perception suggests that the current uncertainty over US monetary policy is likely an important factor behind the cautious approach.

With inflation data and Federal Reserve statements looming on the horizon, many are taking a wait-and-see attitude.

According to the updated data, the United States accounted for the largest share of the weekly inflows, bringing in 175 million dollars.

They were followed by Germany with $47.8 million and Switzerland with $15.7 million. Canada and Australia received more modest inflows of $9.8 million and $6.5 million, respectively.

On the other hand, Hong Kong and Brazil saw outflows of $14.6 million and $9.2 million.