• According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows.
• Short-Bitcoin products saw inflows for a third week that totaled $1.8 million, according to the report.
• Investors are still keen on the underlying technology of digital assets but are wary of the regulatory environment surrounding cryptocurrencies.
Investor Concerns Persist as Crypto Investment Products See 4th Week of Outflows
Outflow Overview
According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows. The negative sentiment was primarily focused on Bitcoin (BTC), with outflows for the cryptocurrency totaling $20 million.
Short-Bitcoin Inflows
In contrast, short-Bitcoin products saw inflows for a third week that totaled $1.8 million, according to the report. Additionally, there seems to have been a shift in sentiment regionally, with the U.S. experiencing inflows of $7.6 million while Europe saw outflows of $23 million.
Other Crypto Assets
Minor inflows were also observed in other crypto assets, with Ether (ETH) and Solana’s SOL (SOL) seeing drawdowns of $700,000 and $340,000 respectively.
Blockchain Equity Investors Remain Bullish
In contrast blockchain equity investors remained bullish with inflows of 1 6 million last week