 ▲ Source: CoinShares Blog |
According to the CoinShares weekly fund flow report on cryptocurrency asset management, there was a net outflow of about $30 million from digital asset investment products last week (June 24-30). There was an outflow for three weeks in a row, but the outflow slowed significantly last week.
$60.7 million was leaked from Ethereum (ETH) products. The outflow of funds from ETH investment products is the largest since August 2022.
Conversely, Multi-Asset and Bitcoin (BTC) ETPs led inflows with $18 million and $10 million, respectively. Short Bitcoin also saw an increase in outflows totaling $4.2 million last week, suggesting that investment sentiment is changing.
A variety of altcoins saw inflows, the most notable being Solana ($1.6 million) and Litecoin ($1.4 million).
By region, the United States received an inflow of $43 million, while Brazil and Australia also received $7.6 million and $3 million, respectively. A negative atmosphere prevailed in Germany, Hong Kong, Canada, and Switzerland, with outflows of $29 million, $23 million, $14 million, and $13 million, respectively.
Blockchain stocks have suffered $545 million in outflows this year, equivalent to 19% of total assets, despite the positive sentiment around cryptocurrencies.
