CoinShares Report: Outflows from digital asset investment products reached $5...

Kabir903

On January 29, according to CoinShares' latest "Digital Asset Fund Flows Weekly" report, global digital asset investment products experienced significant outflows last week, totaling $500 million. Grayscale's outflows last week amounted to $2.2 billion, although the data indicates that outflows are decreasing, with the daily total consistently decreasing throughout the entire week. Particularly noteworthy is that newly issued US ETFs attracted $1.8 billion in inflows last week and have attracted a total of $5.94 billion in inflows since January 11. From a regional perspective, outflows were concentrated in the United States ($409 million), Switzerland ($60 million), and Germany ($32 million). Against this backdrop of massive outflows, Bitcoin suffered outflows of $479 million, while investment products shorting Bitcoin saw inflows of $10.6 million. Other major altcoins such as Ethereum, Polkadot, and Chainlink also experienced outflows of $39 million, $0.7 million, and $0.6 million, respectively. Meanwhile, blockchain stocks saw inflows of $17 million last week.

Isha000

Looking at such a report, does it benefit cryptocurrency trading?

Jafar224

There are indeed significant outflows.

Niti998

It seems there has been a considerable outflow.

Kalkin995

The inflow volume is also substantial.