2 min läsningMinor outflows of US$126m highlight hesitancy amongst investors
Digital asset investment products saw minor outflows totalling US$126m last week. Investors are seemingly hesitant since the positive price momentum has stalled.
Ethereum suffered on a relative basis the most, with US$29m outflows last week, marking its 5th consecutive week of outflows.
Altcoins had another good week, with more esoteric names seeing inflows, such as Decentraland, Basic Attention Token and LIDO.
Digital asset investment products saw minor outflows totalling US$126m last week. Investors are seemingly hesitant since the positive price momentum has stalled.
Volumes did pick up a little from US$17bn to US$21bn week-on-week, but ETP/ETF activity dropped relative to the overall market, from 40% of total volumes on trusted exchanges over the last month to 31% last week, demonstrating this caution amongst investors.
Regionally, the US saw the largest outflows totalling US$145m, while Switzerland and Canada followed with US$5.7m and US$6m outflow respectively. Investors in Germany saw recent price weakness as an opportunity, seeing US$29m inflows last week.
Bitcoin saw US$110m outflows but retained its positive inflows month-to-date of US$555m. Short-bitcoin broke its 3-week spell of outflows, with minor inflows of US$1.7m, presumably taking advantage of recent price weakness.
Ethereum suffered on a relative basis the most, with US$29m outflows last week, marking its 5th consecutive week of outflows.
Aside from Solana seeing US$3.6m outflows last week, altcoins had another good week, with more esoteric names seeing inflows, such as Decentraland, Basic Attention Token and LIDO, which saw US$4.9m, US$2.9m and US$1.8m inflows respectively.
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