The post Blue-Chip Cryptos Dominate Inflows While Altcoins Await Their Turn appeared first on Coinpedia Fintech News
According to the latest Digital Asset Fund Flows report, cryptocurrency investment products recorded a second consecutive week of inflows totaling $78 million. However, stark regional divides persist, with Europe accounting for 90% of the fresh capital.
Bitcoin was the primary beneficiary of last week’s inflows, attracting $43 million. This affirms BTC remains the go-to crypto asset among institutional investors, even as some took short positions amid its latest price surge.
US investor demand remains tepid
Ethereum, meanwhile, saw lackluster interest following the long-awaited launch of futures-based ETFs in the US. The new products drew less than $10 million in the first week combined.
Analysts attribute the muted reaction to a generally weak investor appetite rather than flaws with the ETFs. Comparisons to Bitcoin futures ETFs debuting in a bull market likely set
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