Digital asset investment products experienced their third consecutive week of outflows amounting to $30 million, although last week showed a significant decrease. While outflows for Ethereum continued, investor sentiment surrounding Bitcoin appears to be slowly changing.
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly report, most providers recorded minor inflows, but this was counterbalanced by Grayscale, which saw $153 million in outflows.
Trading volumes increased by 43% week-on-week to $6.2 billion but are still well below the yearly average of $14.2 billion, the asset manager said in its report.
Over the past week, multi-asset and Bitcoin ETPs led the inflows with $18 million and $10 million, respectively. Short-bitcoin products experienced outflows of $4.2 million last week, suggesting a possible shift in sentiment. Several altcoins saw inflows, with Solana receiving $1.6 million and Litecoin recording $1.4 million. Chainlink and XRP also witnesse
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