Fund Outflows Enter Fifth Week According to the weekly report published by CoinShares, digital asset investment products experienced a net outflow of $288 million over the past week.
This marks the fifth consecutive week of negative performance for cryptocurrency funds, bringing the total outflow over the last five weeks to $4 billion.
During this period of weak investor sentiment, a significant decline was also recorded in the trading volume of crypto exchange-traded products.
Total trading volume fell to $17 billion, reaching its lowest level since July of last year.
Regional Divergence: US Sells, Europe Buys The data reveals a clear regional divergence in investor behavior.
The United States led the selling side with $347 million in outflows, while Europe and Canada recorded limited inflows totaling $59 million.
Switzerland saw the highest inflows at $19.5 million, followed by Canada with $16.8 million and Germany with $16.2 million.
Bitcoin at the Center of Outflows The majority of the $288 million weekly outflow was concentrated in Bitcoin-focused products.
While $215 million was withdrawn from Bitcoin funds, "short-bitcoin" products saw inflows of $5.5 million as investors moved in anticipation of further price declines.
The altcoin market presented a more positive outlook.
Although limited inflows were recorded for XRP ($3.5 million), Solana ($3.3 million), and Chainlink ($1.2 million), these purchases were not enough to offset the general selling pressure.
Assets Under Management Maintained Despite the intense wave of selling, the total Assets Under Management (AUM) in crypto investment products remains at $130.4 billion.
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Selling Pressure Deepens in Crypto Investment Funds: $4 Billion Outflow in 5 Weeks
Digital asset investment products saw a net outflow of $288 million last week, marking the fifth consecutive week of losses totaling $4 billion. While US-based selling dominated the market, Bitcoin funds experienced the most significant withdrawals.
Sources
- Dünya Gazetesi · baglanti