Digital Asset Investment Products Face Continued Outflows

According to PANews, CoinShares' latest weekly report reveals that digital asset investment products have experienced outflows for the fourth consecutive week, totaling $876 million. Although the pace of outflows has slowed, investor sentiment remains bearish. The cumulative outflows during this period have reached $4.75 billion, reducing the year-to-date inflows to $2.6 billion. The combined impact of price declines and ongoing outflows has caused the total assets under management (AuM) to drop by $39 billion from its peak, reaching $142 billion, the lowest since mid-November 2024. Regionally, U.S. investors are the most bearish, withdrawing $922 million, while most other regions view this as a buying opportunity. Notably, Switzerland, Canada, and Germany saw inflows of $23 million, $14.7 million, and $13.3 million, respectively. Bitcoin remains the primary focus, with $756 million in outflows last week. Interestingly, short Bitcoin positions also saw outflows of $19.8 million, marking the largest outflow since December 2024. Several altcoins also experienced outflows, with Ethereum seeing $89 million, Tron $32 million, and Aave $2.4 million. In contrast, Solana, XRP, and Sui continued to attract inflows, totaling $16.4 million, $5.6 million, and $2.7 million, respectively. Blockchain-related stock ETPs were not immune to the negative sentiment, with $48 million in outflows last week.