Digital Asset Investment Products Suffer First Net Outflow in Six Weeks, Losing $300 Million
CryptoNewsTerminal Staff02 Sep, 2024
Digital Asset Investment Products Suffer First Net Outflow in Six Weeks, Losing $300 Million
Digital asset investment products have experienced their first net outflow in six weeks, losing a total of $305 million last week. This marks a shift from the previous five weeks, which saw consecutive inflows. According to CoinShares' weekly fund flow report, Bitcoin investment products witnessed the most significant outflows, accounting for $319 million. Ethereum (ETH) investment products also saw a decline of $57 million. In terms of geographical breakdown, the United States recorded the highest outflows at $318 million. Canada ($13 million) and Switzerland ($5.5 million) saw minor inflows. These outflows suggest that investors may be taking a more cautious approach to digital asset investments, potentially due to concerns about regulatory changes or market volatility. However, it's important to note that the industry remains in its early stages and continues to attract significant interest and development.
