CoinShares has shared this week’s Digital Asset Fund Flows Report, which reveals crypto fund flows. There was a total of $17 million in small outflows from digital asset investment products last week. Bitcoin took the weight of the exits with a total of $ 21 million. At the beginning of this month, total exits to date have been $29 million. Short Bitcoin investment products saw small inflows totaling $2.6 million. There have also been small inflows into investment products in four altcoins, including the leading altcoin Ethereum.
Digital asset investment products saw small exit overall
As you follow on Kriptokoin.com, the crypto money market has been trying to find direction in recent days. In this case, it is possible that the fund flows can give an idea. Cryptocurrency investment products saw small outflows totaling $17 million last week. However, there have been minor exits across a broad set of providers.
However, given its small size, it’s hard to tell if this is a meaningful change in sensitivity. It also comes in a period of recovery with low trading volume and prices suggesting there may be a small profit-taking element.
While Europe was withdrawing funds, there was an outflow of funds from the USA.
When we look at the regional flows, we see that there is a total of 20 million dollars inflows to the European stock markets. In addition, it is noteworthy that there are 36 million dollars outflows from the American (North and South America) stock markets.
Funds from Bitcoin flowed into four altcoin projects
The leading crypto Bitcoin took the weight last week, with a total of $21 million in exits. This represents outflows of $29 million from the beginning of the month to date. In addition, it means that it is the second consecutive week of release. Short Bitcoin investment products, on the other hand, received small inflows totaling $2.6 million.
A broad group of altcoins saw a total of $3.9 million in inflows last week. There was a small-scale entry of $0.1 million into the leading altcoin Ethereum. Also, Ethereum rival Cardano (ADA) and Ripple (XRP) managed to attract $ 0.2 million in funds. The altcoin that saw another fund inflow was Tron (TRX) with $ 0.1 million.
Unlike direct digital assets, blockchain stocks saw a total of $8 million in inflows last week. According to experts, this indicates an improved feeling. However, year-to-date inflows of $15.5 million express a mild sentiment at the moment.
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