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Crypto investors withdrew hundreds of millions from digital asset products for the second week due to concerns over interest rates and geopolitical turmoil.&nbsp; 
According to CoinShares, digital asset investment products shed $206 million in net outflows last week. Withdrawals were recorded predominantly across U.S. ETFs and financial vehicles that Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="">BTC</a>) underpinned. 
Global ETP trading volumes declined to $18 billion from $21 billion last week, although total BTC trading activity continued on the uptick. A month ago, <a href="https://crypto.news/?s=ETF" target="_blank" rel="">ETFs</a> constituted about 55% of all Bitcoin trading, but this number dwindled to around 28% because of macroeconomic factors.&nbsp; 
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 “The data suggests appetite from ETP/ETF investors continues to wane, likely off the back of expectations that the FED is likely to keep interest rates at these high levels for longer than expected.” <cite><a href="https://blog.coinshares.com/volume-179-digital-asset-fund-flows-weekly-report-84f3312ba409" target="_blank" rel="">CoinShares</a> report</cite>
</blockquote> 
While U.S. ETFs lost $244 million and BTC saw outflows of over $192 million, partly due to <a href="https://crypto.news/grayscales-bitcoin-etf-hits-1-6b-outflows-hours-before-halving/" target="_blank" rel="">Grayscale GBTC</a> liquidations, bearish investors did not anticipate lower market prices by deploying substantial capital to short positions and products. Investment vehicles offering short-Bitcoin funds noted around $300,000 in outflows. 
 You might also like: <a href="https://crypto.news/ways-to-invest-in-bitcoin/" rel=""> How to invest in Bitcoin without buying it </a> 
<h2 class="wp-block-heading" id="crypto-proponents-show-little-demand-for-ether-blockchain-stock">Crypto proponents show little demand for Ether, blockchain stock</h2> 
Ethereum continued a six-week outflow streak after marking another $34 million. The Ether (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) asset has traded flat over the past week, with only a 0.30% change noted by CoinMarketCap.&nbsp; 
Blockchain equities followed a similar pattern, amounting to $9 million in outflows and an 11th successive week of weakened crypto investor confidence. CoinShares analysts noted that investors are especially concerned about the impact of <a href="https://crypto.news/bitwise-cio-bitcoin-halving-is-buy-the-news-event/" target="_blank" rel="">Bitcoin halving</a> on BTC mining entities.&nbsp; 
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 <img loading="lazy" decoding="async" width="1024" height="374" src="https://crypto.news/app/uploads/2024/04/Screenshot-406-1024x374.png" alt="CoinShares: Crypto investors remain skeptical, weekly outflows hit $206m - 26"> 
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 ETH price chart | Source: CoinMarketCap
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 Read more: <a href="https://crypto.news/vitalik-buterin-ethereum-update-details/" rel=""> Vitalik Buterin reveals details on next Ethereum update </a>

CoinShares: Crypto investors remain skeptical, weekly outflows hit $206m

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