CoinShares' latest weekly report shows that digital asset investment products experienced a minor outflow of $126 million last week. This is likely due to investors taking a cautious stance as the upward momentum in prices has stalled. Despite a slight increase in trading volume from $17 billion to $21 billion, ETP/ETF activity declined relative to the overall market, falling from 40% of total trading volume on credible exchanges last month to 31% last week. This indicates cautious sentiment among investors.
The largest outflow of funds was observed in the United States - $145 million, followed by Switzerland and Canada with outflows of $5.7 million and $6 million, respectively. German investors, by contrast, saw the recent price weakness as an opportunity, leading to an influx of $29 million last week.
There were $110 million in Bitcoin outflows, but there are still positive inflows of $555 million this month. Bitcoin short sellers broke a continuous three-week outflow trend with a small inflow of $1.7 million, likely taking advantage of recent price weakness. Ethereum suffered the heaviest losses, with $29 million in outflows last week, marking five straight weeks of outflows. In addition to Solana, which had an outflow of $3.6 million last week, other less popular cryptocurrencies, such as Decentraland, Basic Attention Token and LIDO, saw inflows of $4.9 million. .9 million and 1.8 million dollars respectively.
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