Second Week of Minute Inflows Marks Low Appetite Digital Asset Commodities


Digital asset investment products managed to hold their own with inflows of $8.3 million for the second week in a row amid months of low trading volumes.

In addition to the previous week’s inflows of just $7 million, the past week has seen a continuation of investors who maintain a lukewarm appetite for digital assets, according to the latest CoinShares report.

Similar to past weeks, investment product trading revenue remained roughly half of the $1 billion weekly average for the year. Incidentally, the report notes less price depreciation than in previous periods when the dollar has rallied.

Asset inflows observed mainly in Europe

The flows were somewhat polarized regionally, with Europe recording the majority of inflows, while much of the Americas saw outflows. Germany, Switzerland and Sweden each had significant inflows, at $6.4 million, $5.5 million and $3.2 million respectively, for a total of $15.1 million.

On the other hand, the United States recorded outflows of $6.8 million, Canada $3.2 million, while Brazil recorded inflows of $2.3 million, resulting in outflows net of approximately $9 million.

After breaking a five-week streak of outflows with $17 million in inflows the previous week, Bitcoin-based products managed to keep that streak alive, but barely, at $100,000 in inflows last week. .

Still, recent price moves pushed total assets under management to $15.9 billion, the lowest point since late June.

Meanwhile, assets under management (AuM) of Bitcoin short investment products hit a record high of $172 million. However, this led to some profit taking, with Bitcoin-based short products seeing outflows for the first time in seven weeks, amounting to $5.1 million.

For the first time since the merger earlier this month, Ethereum-based investment products saw inflows totaling $7 million. This marked the first positive feeling after the upgrade and after four consecutive weeks of releases.

The recently launched short Ethereum investment products also saw minor inflows amounting to $1.1 million. While other altcoins saw negligible inflows, investors continued to favor multi-asset products, with inflows of $1.8 million last week.


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