2023-3-7 23:53 |
Digital asset investment products saw minor outflows totaling $17 million from Feb. 27 to March 3, which marks the fourth consecutive week of outflows, according to CoinShares data.
“Volumes across investment products were low at $844 million for the week,” the report cites, as regional sentiments start to change. Last week, the U.S. recorded $7.6 million in inflows, while Europe recorded $23 million worth of outflows.
Blockchain equity investors also showed a bullish sentiment throughout the week, recording $1.6 million worth of inflows.
Flows by assetBitcoin (BTC) – based investment products recorded $20.1 million worth of outflows, while short-bitcoin saw inflows totaling $1.8 million, as CoinShares data revealed.
Flows by the asset (Source: CoinShares)According to the data, Binance (BNB) and Cosmos (ATOM) also recorded outflows worth $0.38 million and $0.21 million, respectively.
On the other hand, the majority of altcoins saw inflows during the same week. Ethereum (ETH) and Solana (SOL) based investment products recorded $0.7 million and $0.3 million in inflows, respectively. Multi-asset products also grew by an additional $0.8 million.
Flows by providerThe report also revealed that the majority of the providers recorded outflows despite the positive sentiment altcoins experienced.
Flows by the provider (Source: CoinShares)All significant providers, except for ProShares and Purpose, have recorded outflows during the week of Feb. 26 to Mar. 3. CoinShares XBT and Physical saw a combined $1.8 million in outflows.
21Shares, CI Investments, and others recorded $7.3 million, $0.9 million, and $15.6 million, respectively. ProShares and Purpose, on the other hand, grew by an additional $8.3 million and $0.4 million, respectively.
The post Crypto investment products saw $17M outflows last week appeared first on CryptoSlate.
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