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Digital asset investment products experienced their third consecutive week of outflows amounting to $30 million, although last week showed a significant decrease. While outflows for Ethereum continued, investor sentiment surrounding Bitcoin appears to be slowly changing.
Trading volumes increased by 43% week-on-week to $6.2 billion but are still well below the yearly average of $14.2 billion, the asset manager said in its Investment products based on Ethereum experienced the largest outflows since August 2022, totaling $61 million, bringing the two-week outflow total to $119 million, making it the worst-performing asset year-to-date in terms of net flows.
In terms of region, the US dominated the charts with inflows of $143 million, followed by Brazil and Australia with $7.6 million and $3 million in weekly inflows respectively.
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