Digital asset investment products see massive $168M in outflows

Digital asset investment products see massive $168M in outflows
фото показано с : cryptoslate.com

2023-8-30 18:55

Digital asset investment products recorded significant outflows totaling $168 million last week, marking its largest outflow since March, according to CoinShares’ latest weekly report.

CoinShares analyst James Butterfill attributed the substantial deficit mainly to recent delays by the U.S. Securities and Exchange Commission (SEC) in deciding a multitude of pending spot BTC ETF applications.

Earlier in the month, the SEC delayed its decision on the Ark 21Shares spot Bitcoin(BTC) ETF application and requested public opinion. Since then, the financial regulator has yet to provide new updates about the other applications before it.

Bitcoin, Ethereum lead outflows

Per the report, Bitcoin and Ethereum (ETH) were responsible for most outflows, as the flagship digital assets saw roughly $166 million in total outflows.

The massive outflows highlight the bearish sentiment permeating the market since the crypto market’s flash crash of Aug. 17. At the time, traders who held positions in the market lost over $1 billion as BTC and ETH’s prices fell to multi-week lows.

Source: CoinShares

However, altcoins such as Cardano, Litecoin, XRP, and Solana saw minor inflows ranging from $0.5 million to $100,000. Multi-asset investment which had consistently experienced weeks of outflows, turned a corner with a $1.2 million positive flow last week.

Despite the prevailing bearish sentiment, investors persistently reduced their short Bitcoin positions, marking the 18th consecutive week of outflows for this products. Last week, $4 million was withdrawn from this product class, taking its total outflows to 89% of the assets under management.

Meanwhile, the outflows have come amidst a market with very low trading volume. The overall trading volume for the week was $1.3 billion, which is 16% below the year average.

Across regions, European and North American investors dominated the sell-off. German investors led the line with $68 million in outflows, while Canada is a close second with $61.2 million in outflows. The U.S. completes the top three with an outflow of $19.5 million.

The post Digital asset investment products see massive $168M in outflows appeared first on CryptoSlate.

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outflows coinshares digital investment asset products report

Источник: cryptoslate.com

outflows coinshares → Результатов: 63


Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows 

After seven consecutive weeks of inflows, crypto investment products recorded significant outflows last week, according to the latest report by institutional crypto fund manager CoinShares. The post Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows  appeared first on CryptoSlate.

2022-3-16 22:00


Seasonality Affecting Bitcoin the Same as Other Asset Classes, Longest Consecutive Outflows Since Jan 2018: CoinShares Report

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While Bitcoin investment products had minor outflows last week, Ether had minor inflows with Cardano, XRP, and BNB attracting capital. The post Investors Seeking Diversification in Crypto with Multi-Asset Products Recording Largest Inflows: CoinShares Report first appeared on BitcoinExchangeGuide.

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Inflows Recorded Across Digital Assets for the First Time in 9 Weeks: CoinShares Report

After five weeks of consecutive outflows, digital asset investment products finally saw inflows last week totaling $63 million in the week ending July 2nd, according to CoinShares’ data. It was also the first time in nine weeks that inflows were seen across all individual digital assets, “implying a turnaround in sentiment amongst investors.

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