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Digital asset investment products saw significant outflows last week, totalling $500 million. 
Analytics company CoinShares presented <a href="https://blog.coinshares.com/volume-167-digital-asset-fund-flows-weekly-report-250dd83e8c2f" target="_blank" rel="noreferrer noopener">a report</a> on the flow of funds in investment products based on cryptocurrencies from Jan. 20 to Jan. 26, 2024. According to available information, Grayscale Investments’ spot Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) ETF played a central role in the report. Over the week, the outflow of funds from the crypto fund exceeded $2.2 billion. At the same time, the total amount of withdrawn assets crossed the $5 billion mark. 
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 <img loading="lazy" decoding="async" width="1024" height="995" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-29-at-15.43.00-1024x995.png" alt="Asset outflows from crypto funds reach $500m in the last week - 22" class="wp-image-14243214">
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 Source: CoinShares
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At the same time, the investment product of financial giant <a href="https://crypto.news/tag/BlackRock/">BlackRock</a> continues to receive significant infusions, analysts say. Over the past week, the influx of funds amounted to $744 million. In second place in this indicator is the crypto fund of Fidelity Investments, which received financial injections of $643 million. 
In total, spot Bitcoin <a href="https://crypto.news/tag/etf/">ETFs</a> recorded an inflow of $1.84 billion. Moreover, since their launch on January 11, 2024, crypto funds have received infusions of $5.94 billion. 
At the regional level, the main outflow occurred in the USA ($409 million), <a href="https://crypto.news/tag/Switzerland/" target="_blank" rel="noreferrer noopener">Switzerland</a> ($60 million) and <a href="https://crypto.news/tag/Germany/" target="_blank" rel="noreferrer noopener">Germany</a> ($32 million). A net inflow of assets was observed only in <a href="https://crypto.news/tag/Brazil/" target="_blank" rel="noreferrer noopener">Brazil</a> – $10.3 million and in <a href="https://crypto.news/tag/France/" target="_blank" rel="noreferrer noopener">France</a> – $100,000. 
Analysts note that due to spot Bitcoin ETFs, the main movement of funds during this period was associated with the first cryptocurrency. This asset accounts for an outflow of $479 million. At the same time, the inflow from short Bitcoin positions amounted to $10.6 million. 
 You might also like: <a href="https://crypto.news/ark-investment-shifts-16m-from-proshares-to-own-bitcoin-etf/"> ARK Investment shifts $16m from ProShares to own Bitcoin ETF </a> 
At the same time, Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>)-based exchange products saw an outflow of $39 million. Most crypto funds based on other <a href="https://crypto.news/tag/altcoin/">altcoins</a> also lost funds in varying amounts. 
Last week, CoinShares analysts said that capital inflows into cryptoy investment products <a href="https://crypto.news/digital-asset-investment-products-saw-21m-in-outflows/" target="_blank" rel="noreferrer noopener">totaled</a> $21 million, with issuers with higher fees suffering since <a href="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/" target="_blank" rel="noreferrer noopener">the launch of spot Bitcoin ETFs</a> in the United States on Jan. 10, 2024. Thus, the outflow of funds from such funds amounted to $2.9 billion. $4 billion were invested in the new instrument. 
 Read more: <a href="https://crypto.news/bitcoin-etfs-in-us-approved-what-about-europe/"> Bitcoin ETFs in US approved. What about Europe? </a>

Asset outflows from crypto funds reach $500m in the last week

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