Last week witnessed record-breaking net outflows of $942 million in digital asset ETPs, with GBTC experiencing net outflows of nearly $2 billion.

Last week witnessed record-breaking net outflows of $942 million in digital asset ETPs, with GBTC experiencing net outflows of nearly $2 billion.

Last week witnessed record-breaking net outflows of $942 million in digital asset ETPs, with GBTC experiencing net outflows of nearly $2 billion.

Data from the cryptocurrency asset management company CoinShares shows that last week, the net outflow of digital asset investment products reached a record-breaking $942 million, with 96% of the outflow coming from Bitcoin investment products, totaling $904 million.

Investor hesitation leads to record-breaking outflow of funds

According to data released by CoinShares on Monday (25th), the net outflow of digital asset investment products reached a record-breaking $942 million last week, marking the first net outflow after seven consecutive weeks of record-breaking net inflows (totaling $12.3 billion).

Source: CoinShares

Despite the trading volume of digital asset ETPs reaching $28 billion last week, it was only two-thirds of the previous week. Recent price corrections have reduced the Assets under Management (AuM) by $10 billion, but it still remains higher than the previous high of $88 billion. CoinShares stated:

Source: CoinShares

Looking at investment trends from various regions, the low sentiment is not only concentrated in the United States. Digital asset ETPs in Sweden, Switzerland, Hong Kong, and Germany also experienced net outflows of $37 million, $25 million, $35 million, and $4 million respectively. However, Brazil and Canada saw net inflows of $9 million and $8.4 million respectively.

Source: CoinShares

Investment situation of various cryptocurrencies

96% of the net outflow from digital asset ETPs came from Bitcoin investment products, totaling $904 million. At the same time, a small amount of net outflow was also observed in short Bitcoin investment products, totaling $3.7 million.

In terms of altcoin investment products, Ethereum, Solana, and Cardano were also affected, with net outflows of $34 million, $5.6 million, and $3.7 million respectively. Other altcoins performed well, with a total net inflow of $16 million. Of note are Polkadot, Avalanche, and Litecoin, with net inflows of $5 million, $2.9 million, and $2 million respectively.

Source: CoinShares