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Digital asset investment products had tiny outflows of $9 million last week despite a significant market-wide selloff. According to Digital Asset Fund Flows, Ethereum (ETH) showed inflows of $3 million last week while<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow"> Bitcoin (BTC)</a> had a third straight week of withdrawals totaling $15 million.
In light of the planned Merge on September 15, it appears that investors are more optimistic about Ethereum than Bitcoin.
Investment Products in Cryptocurrency Show a Minor Outflow prior week
The Digital Asset Fund Flows report for the week ending August 19 has been produced by a digital asset management company. According to the research, investments in digital assets lost a mere $9 million last week. Additionally, the volume of digital asset investment products reached $1 billion, which is still down 55% from the year-average.
Due to pressure from the cryptocurrency market, the analysis implies that investor engagement is now low. The U.S., Germany, and Sweden were the countries with the most outflows reported. In contrast, Brazilian, Swiss, and Australian investors pour money into cryptocurrency investment products.
The third week in a row that there have been withdrawals from Bitcoin (BTC) investment products saw withdrawals of $15 million. Due to the FUD around the Fed's rate hikes, there is some modest negativity surrounding Bitcoin (BTC). However, last week witnessed a little inflow of $0.2 million for short bitcoin. BTC's price fell down below the 21,000 mark after the most recent bear market rebound failed to keep it above $25,000.
$3 million was invested into products related to Ethereum (ETH). This concludes a nine-week streak of $162 million in inflows. The improvement in communication on the Merge and its timing is the cause of the ongoing inflows. On September 15, the Ethereum core developers push for the Merge. Small inflows were seen in the investment products for Cardano (ADA), XRP, and Binance Coin (BNB), among other altcoins. However, Solana (SOL) experienced outflows of $1.4 million for a second week. Institutional investors watch for a rally in the cryptocurrency market.
Last week, there were $1.6 million in outflows from the cryptocurrency market for<a href="https://www.coingabbar.com/en/crypto-blogs-english/how-blockchain-the-supporting-backbone-technology-behind-crypto-is-helping-groom-the-healthcare-sector-immensely" rel="noopener noreferrer nofollow"> blockchain </a>products.

Despite the market-wide downturn, institutional investors didn't sell their cryptocurrency holdings.

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