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News

Digital Asset Investment Products See $176M Inflows Amid Market Correction

31 mins ago - Around 2 mins mins to read

Key Points:

  • Digital asset investment products saw $176 million in inflows last week.
  • All regions reported inflows, with the U.S. leading at $89 million, despite the country seeing net outflows of $306 million for the month.
According to CoinShare, digital asset investment products attracted a remarkable inflow of $176 million in the past week as investors rushed in to buy up low market prices.
Digital Asset Investment Products See $176M Inflows Amid Market Correction

Read more: Digital Asset Investment Products Saw Their First Outflow of Funds in Four Weeks

Digital Asset Investment Products See Inflows

Although its total assets under management plunged to $75 billion—off more than $20 billion amid the correction—the sector has now rebounded to $85 billion. Trading activity in ETPs was brisk last week at $19 billion, well above the year-to-date average of $14 billion.

The inflow for digital asset investment products was broad-based across all regions, reigniting a new round of interest after the broad correction.

First is the United States, with inflows amounting to $89 million, followed by Switzerland, with inflows of $20 million, Brazil with $19 million, and Canada with $12.6 million. Interestingly, the U.S. is the only country to see net outflows for the month at $306 million.

Bitcoin Sees Mixed Trends and Short ETP Exits

Among the recent market swings, Ethereum has been the most significant beneficiary, with inflows of $155 million last week. The year-to-date inflows of $862 million are the highest since 2021 and were driven by the recent US spot-based ETFs listing.

As such, outflows at the start were really part of Bitcoin’s week—as indeed were the inflows of $13m in the week after it. The biggest outflows in euros were short Bitcoin ETPs, which saw outflows last week totalling $16m, or 23% of their AuM, to help prod the short AuM down to lows not seen since the turn of the year. This significant exodus indeed suggests a change in investor sentiment on Bitcoin.

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.

Bitcoin

Bitcoin ETP

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Digital Asset Investment Products

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Author

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.
News

Digital Asset Investment Products See $176M Inflows Amid Market Correction

Key Points:

  • Digital asset investment products saw $176 million in inflows last week.
  • All regions reported inflows, with the U.S. leading at $89 million, despite the country seeing net outflows of $306 million for the month.
According to CoinShare, digital asset investment products attracted a remarkable inflow of $176 million in the past week as investors rushed in to buy up low market prices.
Digital Asset Investment Products See $176M Inflows Amid Market Correction

Read more: Digital Asset Investment Products Saw Their First Outflow of Funds in Four Weeks

Digital Asset Investment Products See Inflows

Although its total assets under management plunged to $75 billion—off more than $20 billion amid the correction—the sector has now rebounded to $85 billion. Trading activity in ETPs was brisk last week at $19 billion, well above the year-to-date average of $14 billion.

The inflow for digital asset investment products was broad-based across all regions, reigniting a new round of interest after the broad correction.

First is the United States, with inflows amounting to $89 million, followed by Switzerland, with inflows of $20 million, Brazil with $19 million, and Canada with $12.6 million. Interestingly, the U.S. is the only country to see net outflows for the month at $306 million.

Bitcoin Sees Mixed Trends and Short ETP Exits

Among the recent market swings, Ethereum has been the most significant beneficiary, with inflows of $155 million last week. The year-to-date inflows of $862 million are the highest since 2021 and were driven by the recent US spot-based ETFs listing.

As such, outflows at the start were really part of Bitcoin’s week—as indeed were the inflows of $13m in the week after it. The biggest outflows in euros were short Bitcoin ETPs, which saw outflows last week totalling $16m, or 23% of their AuM, to help prod the short AuM down to lows not seen since the turn of the year. This significant exodus indeed suggests a change in investor sentiment on Bitcoin.

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.

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