Market

Digital Asset Investment Outflows $9.1 Million Last Week

Key Points:

  • Digital asset investment products saw a 6th straight week of net outflows at $9.1 million.
  • Europe attracted $16 million in inflows, but the U.S. saw $14.1 million leave, indicating differing regional sentiments.
  • Bitcoin and Ethereum faced ongoing outflows, while XRP and Solana garnered investor interest.
According to the latest CoinShares weekly report, the digital asset investment landscape experienced its sixth consecutive week of net outflows, totaling $9.1 million.
Digital Asset Investment Outflows $9.1 Million Last Week 2

Digital Asset Investment Outflows 6th Consecutive Week

This trend underscores the growing uncertainty surrounding the crypto market. During the past week, Bitcoin investment products faced a net outflow of $5.9 million, while Ethereum investment products witnessed an outflow of $2.2 million. Additionally, short-selling Bitcoin investment products saw a net outflow of $2.8 million.

Total trading volumes for digital asset investment products remained notably low at $820 million for the week, falling below the $1.3 billion average observed throughout the year. This decrease mirrors the broader trend of reduced trading activity in the digital asset market.

Bitcoin, the flagship cryptocurrency, saw minor outflows for the third consecutive week, amounting to $6 million. Short-Bitcoin products also experienced outflows of $2.8 million, suggesting that investors are gradually unwinding their short positions after a brief $15 million inflow earlier in the month.

Ethereum continued to face challenges, with outflows for the sixth consecutive week totaling $2.2 million. Interestingly, investors displayed a growing preference for specific altcoins, with inflows into XRP and Solana reaching $0.66 million and $0.31 million, respectively.

Europe Attracts Crypto Inflows, U.S. Records Outflows

Europe appeared to be a bright spot, with a net inflow of $16 million last week, as some investors perceived recent regulatory setbacks as an opportunity. In contrast, the United States experienced a net outflow of $14.1 million, reflecting ongoing concerns among American investors.

The overall sentiment in the digital asset investment space remains cautious, with investors closely monitoring regulatory developments and making strategic adjustments to their portfolios.

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.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

29 minutes ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

57 minutes ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

2 hours ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

2 hours ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

2 hours ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

3 hours ago

This website uses cookies.