Crypto Funds Experience $1.17 Billion Outflows Amidst Altcoin Gains

Last week saw a substantial outflow of $1.17 billion from crypto investment products, primarily driven by bearish sentiment in the US market. Bitcoin and Ethereum funds saw outflows totaling $932 million and $438 million respectively, reflecting investor caution amidst heightened volatility and concerns over potential interest rate delays. Meanwhile, Solana led altcoin inflows last week with a notable $118 million inflow. Its impressive performance, coupled with growing institutional investments, has bolstered its position as a favored asset within the market.