Cryptocurrency

Cardano

United

Solana

Chainlink

Last week, investment products saw minor outflows totaling $16 million. 
Last week’s outflows capped 11 weeks of inflows, according to a <a href="https://blog.coinshares.com/volume-162-digital-asset-fund-flows-weekly-report-30bf22a62894" target="_blank" rel="noopener">CoinShares report</a>. At the same time, trading activity remained well above the annual average, totaling $3.6 billion for the week, compared with the year-to-date average of $1.6 billion. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1016" height="1024" src="https://crypto.news/app/uploads/2023/12/1_8TtwGDBkln_EZr5wPwqnWA-1016x1024.webp" alt="Crypto investment products saw outflows, ending an 11-week run of inflows - 23" class="wp-image-14228654">
 <figcaption class="wp-element-caption">
 Source: CoinShares
 </figcaption>
</figure> 
Regionally, the main withdrawal of funds came from the United States with $18 million. In Germany, $10 million was withdrawn. Numbers partially offset by an influx to Canada and Switzerland in the amounts of $6.9 million and $9.1 million respectively. 
 You might also like: <a href="https://crypto.news/cryptocurrency-investments-for-beginners-exploring-rebelsatoshi-ftx-token-and-terra-luna/"> Cryptocurrency investments for beginners: exploring RebelSatoshi, FTX Token, and Terra LUNA </a> 
The hardest hit was Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) with outflows totaling $33 million last week. In comparison, short Bitcoin also saw minor outflows totaling $0.3 million. 
However, altcoins received an influx of $21 million. The main beneficiaries were Solana (<a href="https://crypto.news/price/Solana/">SOL</a>), Cardano (<a href="https://crypto.news/price/Cardano/">ADA</a>), <a href="https://crypto.news/price/xrp/">XRP</a>, and Chainlink (<a href="https://crypto.news/price/chainlink/">LINK</a>) with a total of $10.6 million, $3 million, $2.7 million, and $2 million, respectively. 
Ethereum (<a href="https://crypto.news/price/Ethereum/">ETH</a>) and Avalanche (<a href="https://crypto.news/price/Avalanche/">AVA</a>) took a slight hit, earning $4.4 million and $1 million respectively. 
While blockchain stocks continued to see positive sentiment witnessing strong inflows of $122 million last week, bringing their growth to $294 million over the past 9 weeks, a new milestone. 
Last week, analysts also <a href="https://crypto.news/digital-asset-investment-inflows-hit-43m-in-11th-consecutive-week/">reported</a> that they recorded the largest inflow of funds in history into blockchain stocks – more than $126 million. The total investment amounted to $43 million. 
Many anticipate a decline in prices as investors typically take profits after strong growth leading to a market correction. 
 You might also like: <a href="https://crypto.news/crypto-products-gain-176m-in-one-week-amid-market-growth/"> Crypto investment products see highest inflow since October 2021 </a>

Crypto investment products saw outflows, ending an 11-week run of inflows

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