Share this article

Digital asset investment products saw minor outflows for the 6th consecutive week, totaling $9 million last week according to the latest fund flow data from CoinShares.

Volumes remained down at $820 million for the week, well below the $1.3 billion average so far this year and matching the low volume trend across the broader digital asset markets.

Sentiment split on a regional basis, with European products seeing inflows of $16 million as investors viewed recent regulatory disappointments in the US as a buying opportunity. In contrast, US-listed products saw outflows of $14 million as American investors remained cautious.

“In Europe, the sentiment is much more constructive, investors now have the well-defined MiCa directive and recent flows data suggests they see the weak sentiment in the US as a buying opportunity,” James Butterfill, Head Of Research at CoinShares, commented to Decrypt.

The EU introduced the Markets in Crypto-Assets (MiCA) regulation in April of this year, to protect investors and consumers while promoting a framework for crypto assets and crypto-related services.

Bitcoin saw small outflows for the 3rd straight week, totaling $6 million. Short-bitcoin products also saw outflows of $2.8 million, suggesting investors are capitulating to bearish bets after a brief spike in short interest last month.

Ethereum continued to suffer its 6th consecutive week of outflows totaling $2.2 million as enthusiasm faded for the second-largest cryptocurrency.

Multi-asset funds also saw a steady stream of outflows, now totaling $32 million year-to-date. Investor interest appears to be shifting to more selective plays in the altcoin space, with inflows into XRP and Solana totaling $660,000 and $310,000 respectively.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.