CoinShares Research Blog revealed in their latest Digital Asset Fund Flows Weekly Report, Volume 167, a significant $500m outflow from digital asset investment products on a global scale. The report analyses behavior concerning Grayscale, newly issued US ETFs, and digital currencies like Bitcoin, Ethereum, Polkadot, and Chainlink.
According to the report, the last week saw Grayscale outflows of $2.2bn. It, however, indicated that these outflows are experiencing a tendency to slow down as the daily total reduce consistently throughout the week.
Contrastingly, freshly launched US ETFs attracted substantial inflows of $1.8bn last week. Since their launch on January 11, 2024, these ETFs have subsequently experienced inflows amounting to $5.94bn.
Regionally, the United States, Switzerland, and Germany accounted for majority of the outflows, seeing totals of $409m, $60m, and $32m, respectively. Significant outflows from the main ETF issuer - Grayscale - in the US, amounting to $5bn since January 11, 2024, likely instigated further outflows in other regions.
Bitcoin, the central focus, witnessed outflows of $479m, while short-Bitcoin and Altcoins, predominantly Ethereum, Polkadot, and Chainlink, having seen an inflow of $10.6m and outflows of $39m, $0.7m, and $0.6m respectively. The report noted that Blockchain equities witnessed additional inflows adding up to $17m last week.
