CoinShares: Digital asset investment products saw small outflows totaling $126 million last week

PANews reported on April 15 that according to the latest weekly report of CoinShares, digital asset investment products experienced a small outflow totaling US$126 million last week. Investors seemed to be cautious as the price increase momentum stalled. Although trading volume increased slightly from $17 billion to $21 billion, ETP/ETF activity declined compared to the overall market, from 40% of total trusted exchange trading volume last month to 31% last week, This points to this cautious sentiment among investors. Regionally, the United States saw the largest outflows, totaling $145 million, while Switzerland and Canada followed with $5.7 million and $6 million respectively. German investors saw recent price weakness as an opportunity, recording $29 million in inflows last week.

Bitcoin has seen $110 million in outflows but has maintained positive inflows of $555 million so far this month. Bitcoin bears broke a three-week streak of outflows with a small inflow of $1.7 million, likely taking advantage of recent price weakness. Relatively speaking, Ethereum suffered the most severe losses, with an outflow of $29 million last week, marking five consecutive weeks of outflows. In addition to Solana’s $3.6 million in outflows last week, other unpopular currencies have seen inflows, such as Decentraland, Basic Attention Token and LIDO, which have achieved inflows of $4.9 million, $2.9 million and $1.8 million respectively.