Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million and $10 million, respectively. Regional inflows occurred in the U.S., Brazil, and Australia, contrasted by outflows in Germany, Hong Kong, Canada, and Switzerland.
Digital Assets See Outflows for 3rd Consecutive Week
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Coinshares Reports Significant Digital Asset Outflows
Coinshares, a European asset manager specializing in digital assets, reported in its Fund Flows report published on July 1 that digital asset investment products experienced outflows for the third consecutive week, amounting to $30 million.
Ethereum experienced its highest outflows since August 2022, with a total of $61 million, making it the worst-performing asset in net flows so far this year. Conversely, multi-asset and bitcoin exchange-traded products (ETPs) reported inflows of $18 million and $10 million, respectively.
Trading volumes surged by 43% to $6.2 billion, marking a significant rise but still falling short of the annual average. This uptick in activity highlighted varying regional trends, with the U.S., Brazil, and Australia experiencing inflows. In contrast, Germany, Hong Kong, Canada, and Switzerland witnessed outflows, reflecting a more cautious or bearish outlook among investors in these regions. Additionally, short- bitcoin products saw outflows amounting to $4.2 million, indicating a shift in sentiment towards BTC. Among altcoins, solana saw inflows totaling $1.6 million, and litecoin experienced inflows amounting to $1.4 million.
Previously, Coinshares reported that in the week starting June 24, digital asset investment products saw outflows totaling $584 million. During the week of June 17, these products experienced outflows totaling $600 million, the largest since March 22. Conversely, in the week starting June 10, digital asset investment products saw inflows totaling $2 billion, bringing the five-week run of inflows to $4.3 billion.
What do you think about the recent trends in digital asset investment products? Let us know in the comments section below.
