4 months ago
1 min read
Digital Asset Investment Products Witness $500 Million Outflows; Bitcoin ETFs Remain in Focus
Last week, digital asset investment products experienced a $500 million outflow, with Bitcoin-indexed exchange-traded products (ETPs) accounting for nearly 96% of the total outflows, according to asset manager CoinShares’ recent publication. Bitcoin, a key player in this scenario, saw outflows of $479 million, indicating that investors are cautious. Conversely, short positions in Bitcoin saw increased interest, with total inflows approaching $11 million. Ethereum, Polkadot, and Chainlink all experienced outflows of $39 million, $0.7 million, and $0.6 million, respectively. Despite the negative trend, Solana-indexed investment products saw an increase of $3 million in assets under management. Examining regional dynamics, the majority