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Bitcoin

Investment products record outflows for the sixth week in a row. 
According to a <a href="https://blog.coinshares.com/volume-150-digital-asset-fund-flows-weekly-report-d12d3da03d37" target="_blank" rel="noopener">CoinShares</a> report, the market saw an outflow of $9 million last week. Sales for the week were the lowest, amounting to $820 million. This figure is significantly lower than the average of $1.3 billion. 
As was the case a week earlier, there is a divergence in sentiment from a regional perspective. Capital inflows reached $16 million in Europe, where investors see recent regulatory disappointment as an opportunity. At the same time, U.S. investors withdrew $14 million due to unrest in the local crypto market. 
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 <img decoding="async" loading="lazy" src="https://crypto.news/app/uploads/2023/09/Screenshot-2023-09-25-at-16.30.33-1024x884.png" alt="Digital asset investments see outflows for sixth successive week - 9" class="wp-image-14198126" style="width: 100%;height:880px" width="1020" height="880">
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<blockquote class="wp-block-quote"> 
 “A divergence in sentiment from a regional perspective was evident this week, with inflows into Europe totaling US$16m, where investors see recent regulatory disappointment as an opportunity. While U.S. investors pulled out US$14m,” <cite>CoinShares report states.</cite>
</blockquote> 
Bitcoin-based products experienced outflows for the third week in a row. Last week, there was an outflow of $6 million. The $15 million inflow into short Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) seems surprising to analysts as there have been outflows amounting to 78% of assets under management (AuM) over the past 22 weeks, suggesting that investors are continuing to liquidate short positions. 
Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) recorded capital outflows for the sixth week in a row, with outflows of $2.2 million. Investment products with other altcoins have also suffered this year, with a small but steady flow of investment outflows now standing at $32 million for the year. 
Analysts believe investors are becoming more discerning in the altcoin market, with continued inflows into <a href="https://crypto.news/price/xrp/">XRP</a> and Solana (<a href="https://crypto.news/price/solana/">SOL</a>) at $0.66 million and $0.31 million, respectively. 
 You might also like: <a href="https://crypto.news/ethereum-is-the-least-loved-digital-asset-this-year-coinshares-report-shows/"> Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows </a>

Digital asset investments see outflows for sixth successive week

crypto.news

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