Digital Asset Investment Products See $1.7B Outflows Amid Deteriorating Sentiment
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 13h ago- Sustained Outflow Pressure: According to CoinShares, digital asset investment products recorded $1.7 billion in outflows over the past week, marking the second consecutive week of net redemptions and pushing year-to-date outflows to $1.0 billion, indicating a significant deterioration in market sentiment, particularly in the U.S.
- U.S.-Dominated Redemptions: The outflows during the week were overwhelmingly concentrated in the U.S., accounting for $1.65 billion of the total redemptions, reflecting strong selling pressure on Bitcoin and Ethereum products, while Canada and Sweden also saw outflows of $37.3 million and $18.9 million respectively, highlighting negative sentiment on a global scale.
- Asset-Level Outflows: Bitcoin products experienced $1.32 billion in outflows, making them the primary driver of the overall decline, while Ethereum products followed with $308 million in outflows, confirming that selling pressure extended across the two largest digital assets, with previously resilient altcoins also showing renewed weakness.
- Institutional Caution: iShares, Grayscale, and Fidelity recorded outflows of $1.19 billion, $300 million, and $197 million respectively, underscoring a cautious stance among institutional investors, while ProFunds Group and Volatility Shares attracted inflows of $139 million and $61 million, indicating a selective preference for defensive or volatility-linked products.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
