- Investment products for digital assets had $176 million in inflows last week.
- Although the United States saw net outflows of $306 million for the month, all regions reported inflows, with the U.S. leading at $89 million.
CoinShare reports that investors flocked to purchase digital asset investment packages at low market prices, bringing in a stunning $176 million inflow over the course of the last week.
Investment Products for Digital Assets See Inflows
The industry has already recovered to $85 billion, despite its total assets under management falling to $75 billion during the correction—a decrease of more than $20 billion. With $19 billion in trading activity last week, ETP activity was significantly higher than the $14 billion average for the year.
Following the widespread correction, interest in digital asset investment products was rekindled by a large-scale inflow that occurred in all regions.
The top three countries with inflows are the United States ($89 million), Switzerland ($20 million), Brazil ($19 million), and Canada ($12.6 million). Remarkably, the United States is the only nation with $306 million in net outflows for the month.
Mixed Trends and Short ETP Exits Are Observed in Bitcoin
With inflows of $155 million last week, Ethereum has benefited the most from the current market fluctuations. The $862 million in inflows so far this year are the most since 2021 and were primarily caused by the recent listing of US spot-based ETFs.
As a result, the initial outflows from Bitcoin were essentially a part of its week, as were the $13 million in inflows the next week. The largest withdrawals in euros occurred in short Bitcoin ETPs, where withdrawals last week totaled $16 million, or 23% of their AuM, pushing the short AuM to levels not seen since the year’s beginning. This large withdrawal does, in fact, point to a shift in investor perception of Bitcoin.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
