Volume 162: Digital Asset Fund Flows Weekly Report
Repost from CoinShares Blog : “Volume 162: Digital Asset Fund Flows Weekly Report” The full report and all related findings are available on the official website of CoinShares Blog.
Minor outflows of US$16m, more profit-taking than a swing in sentiment
![](https://img.bitgetimg.com/multiLang/image/c95750227683028a2ba2f1f44079b3a81702890486315.png)
- Digital asset investment products saw minor outflows totalling US$16m, ending an 11-week run of inflows. Trading activity remained well above the year average though, totalling US$3.6bn for the week.
- The mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment towards the asset class.
- Altcoins bucked the trend, seeing US$21m of inflows. The main beneficiaries being Solana, Cardano, XRP and Chainlink.
![](https://img.bitgetimg.com/multiLang/image/52f925e0b6da4b146fa835620836965b1702890487541.png)
Digital asset investment products saw minor outflows totalling US$16m, ending an 11-week run of inflows. Trading activity remained well above the year average though, totalling US$3.6bn for the week, compared to the year-to-date average of US$1.6bn.
Regionally, the outflows were primarily focussed on the US which saw US$18m, while Germany saw minor outflows totalling US$10m. This was partially offset by continued inflows into Canada and Switzerland totalling US$6.9m and US$9.1m respectively. The mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment towards the asset class.
Bitcoin suffered the most, seeing US$33m of outflows last week, while short-bitcoin also saw minor outflows totalling US$0.3m.
Altcoins bucked the trend, seeing US$21m of inflows. The main beneficiaries being Solana, Cardano, XRP and Chainlink, totalling US$10.6m, US$3m, US$2.7m and US$2m respectively.
Ethereum and Avalanche suffered a little, seeing US$4.4m and US$1m respectively.
Blockchain equities continued to experience positive sentiment, seeing substantial inflows totalling US$122m last week, bringing the last 9 week run to US$294m, the largest run on record.
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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