Institutional Interest in Altcoins Declines Amid ETF Delays
- Cardano experienced $0.3 million in outflows, down from $3.7 million in inflows the previous week.
- Sui saw an $8.5 million outflow compared to $5.9 million in inflows last week.
- Ethereum recorded its first outflow in five weeks, totaling $169 million.
- Crypto funds overall saw inflows of $921 million, driven by improved investor confidence after lower-than-expected US CPI data.
- Total assets under management (AuM) rose to $229.65 billion with a trading volume of $39 billion.
The prolonged U.S. government shutdown has delayed decisions on multiple exchange-traded funds (ETFs), leading to significant outflows from altcoins like Cardano and Sui, while overall crypto fund inflows reached $921 million as investor sentiment improved.
With Bitcoin seeing substantial inflows of $931 million, the decline in interest for altcoins reflects shifting market dynamics amid ongoing ETF uncertainties and recent price movements.(Source)
