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Digital asset investment products experienced $16 million in capital outflows last week, ending 11 consecutive weeks of net inflows

CointimeCointime2023/12/18 08:12
By:Cointime

According to the latest "Digital Asset Fund Flow Weekly Report" released by CoinShares on December 18th, digital asset investment products recently experienced a small-scale capital outflow of a total of $16 million, ending the trend of continuous capital inflows for 11 weeks. However, trading activity is still far higher than the average level this year, with a total trading volume of $3.6 billion last week.

This slight capital outflow was mainly concentrated in the United States, with outflows of about $18 million, while Germany also saw a small outflow of $10 million. At the same time, Canada and Switzerland continued to see inflows of $6.9 million and $9.1 million, respectively. This mixed regional flow trend indicates that this is more due to profit-taking rather than a change in sentiment towards this asset class.

Among specific digital asset categories, Bitcoin experienced the largest capital outflow, reaching $33 million last week, while products shorting Bitcoin also saw a small outflow of $300,000. In contrast, other cryptocurrencies represented by Solana, Cardano, XRP, and Chainlink achieved a capital inflow of $21 million.

Ethereum and Avalanche were slightly affected, with capital outflows of $4.4 million and $1 million, respectively. At the same time, blockchain stocks continued to receive positive sentiment support, attracting a large amount of capital inflows of $122 million last week, bringing the cumulative inflows of the past 9 weeks to $294 million, setting a new record high.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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