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Volumes in crypto investment products fall to two-year lows

 


On Oct. 24, European cryptocurrency investment firm CoinShares released its "Digital Asset Fund Flows Report". From this report, digital investment products recorded a total of $5 million worth of outflows over the past week. This continues the so-called "apathetic period" that began in September 2022.


Investment products volume fell to $758 million this week, the lowest since October 2020. The weekly average was $7 billion around this time last year as crypto markets were in an uptrend. 


) investment products saw marginal inflows of $4.6 million. This is the sixth weekly increase in a row. Short Bitcoin investment products, on the other hand, have seen $7.1 million in outflows.


) investment products recorded outflows totaling $2.5 million for the third straight week. Total post-merge outflows total $11.5 million. That is 0.2 percent of the assets under management. XRPrecorded inflows of $8 million. This number may seem low, but it is one of the highest values ​​since the legal proceedings between the US Securities and Exchange Commission and Ripple began .

about a month ago So far this year, bitcoin funds have seen $296.2 million in net inflows, while ether funds have seen $371.2 million in net outflows. These numbers suggest that amid the bear market , investment managers have turned to Bitcoin, which has relative stability and a longer track record.


CoinShares data shows that Sweden , Canada , and the United States were the hardest hit with outflows of $4.5 million, $1.9 million, and $1.2 million, respectively. Germany, Brazil and Switzerland have recorded smaller inflows.

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