Crypto investment products saw decent capital inflows last week despite the market turmoil, with Bitcoin, Ethereum and XRP leading the way.
By comparison, the crypto market is struggling with a major correction, with Bitcoin plummeting from its all-time high of $108,000 to the current price of $94,980. This decline has reverberated across the scene, reducing the global market cap to $3.28 trillion.
The restrictive statements by US Federal Reserve Chairman Jerome Powell fueled the pessimistic mood. Despite this downturn, the recent inflow of funds report of CoinShares confirmed that crypto investment products recorded net inflows of $308 million last week.
This resilience contrasts with strong outflows of $1 billion over the last two days of the week, including $576 million on December 19 alone.
Despite these withdrawals, weekly inflows remained positive, confirming investor optimism in leading assets such as Bitcoin, Ethereum and XRP. However, the recent corrections resulted in a $17.7 billion reduction in total assets under management (AUM) for digital asset products.
Bitcoin, Ethereum and XRP dominate asset flows
Bitcoin emerged as the top choice for investors, recording weekly inflows of $375 million and $5.04 billion monthly. Ethereum followed suit, attracting $51.3 million during the week and $2.3 billion in December. Meanwhile, XRP secured $8.8 million in inflows this week and $288.8 million this month.
However, multi-asset products saw the largest weekly outflows at $121.4 million. This confirms a shift towards investing in individual crypto assets. Interestingly, Solana also saw negative inflows at $8.7.
