Institutional Investors Shift from Bitcoin (BTC) to Ethereum (ETH), Quadrupling Investments

• Crypto asset investment products have been experiencing consecutive outflows for the past four weeks, indicating investor concerns over recent price drops, despite the launch of new Bitcoin ETFs.
• Last week, Bitcoin was the most affected asset with total outflows of $251 million, while Ethereum broke its seven-week outflow streak with an inflow of $30 million.
• Altcoins such as Avalanche, Cardano, and Polkadot also saw minor inflows, and the successful launch of spot Bitcoin and ETH coin ETFs in Hong Kong, which saw inflows of $307 million in their first trading week, was the week’s only bright spot.

Despite the launch of new Bitcoin ETFs, crypto asset investment products have been experiencing consecutive outflows for the past four weeks, indicating investor concerns over recent price drops.

Outflows from Some Crypto Products

Crypto asset investment products continued to see outflows for the fourth consecutive week, with a total outflow of $251 million USD. This occurred despite the successful launch of spot-based ETFs in Hong Kong, which saw inflows of $307 million USD in their first trading week. The outflows were primarily concentrated in the US, where $504 million USD left crypto asset investment products. Outflows were also seen in Canada, Switzerland, and Germany, with respective outflows of $9.6 million USD, $9.8 million USD, and $7.3 million USD.

BTC Outflows Balanced by ETH Coin Inflows