EddieJayonCrypto

 18 Dec 23

tl;dr

That's the latest market update on digital asset investments and blockchain equities. After an 11-week streak of inflows, there was a small outflow of $16M in the week ending Dec. 16, 2023. Bitcoin suffered the biggest outflows at $32.8M, with ethereum following at $4.3M. However, some altcoins expe...

That's the latest market update on digital asset investments and blockchain equities. After an 11-week streak of inflows, there was a small outflow of $16M in the week ending Dec. 16, 2023. Bitcoin suffered the biggest outflows at $32.8M, with ethereum following at $4.3M. However, some altcoins experienced inflows, with Solana bringing in $10.6M, Cardano attracting $3.0M, and XRP experiencing $2.7M of inflows. The mix of outflows and inflows suggests that profit-taking may be a more significant factor than a shift in sentiment towards the asset class. Blockchain equities continue to see positive sentiment, with inflows totaling $122M in the past week, bringing them to a nine-week run totaling $294M, the largest run on record. In Monday trading, Bitcoin slipped 0.4%, Ethereum dropped 2.9%, Solana fell 1.1%, Cardano dipped 2.2%, and XRP slid 1.8%.

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