Key Points:
- Digital asset investment products witnessed a net outflow of $53.5 million last week, continuing a trend of net outflows in eight of the past nine weeks, totaling $455 million.
- Bitcoin investment products dominated the outflows, accounting for 85% of the total with $45.3 million withdrawn, while Ethereum investment products saw a more modest net outflow of $3.8 million.
In the past week, digital asset investment products such as CoinShares experienced a net outflow of $53.5 million.
CoinShares’ latest weekly report data reveals a continued trend of net outflows in the digital asset investment product sector, with a significant outflow of $53.5 million recorded last week. This marks the eighth out of the past nine weeks that have seen net outflows, accumulating to a total of $455 million in outflows over this period.
Bitcoin investment products accounted for the lion’s share of these outflows, constituting 85% of the total outflow with a substantial $45.3 million withdrawn last week. Investors appear to be moving away from Bitcoin investment products, possibly seeking alternative assets or investment strategies.
Ethereum investment products also experienced a net outflow, although of a lesser magnitude at $3.8 million. This suggests a more moderate shift in sentiment towards Ethereum compared to Bitcoin.
The sustained net outflows in digital asset investment products may indicate a cautious approach by investors in response to market dynamics, regulatory developments, or other factors impacting the crypto space. It’s essential to monitor these trends as they provide insights into investor sentiment and allocation preferences within the digital asset landscape.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
