The latest report from CoinShares, a crypto asset manager, has revealed that digital asset investment products experienced a notable shift last week as $147 million in net outflows were recorded globally, ending a three-week streak of inflows.

CoinShares revealed that this ended inflow streak isn’t ordinary, as it results from a notable trend in the macroeconomic space.

Detailing The Fund Flows: Who’s Leading And Who’s Not?

According to CoinShares, the sudden outflow seen last week impacted major asset managers, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, following nearly $2 billion in net inflows over the prior three weeks.

The outflows were largely led by Bitcoin-based funds, which accounted for $159 million in net outflows. In contrast, short-Bitcoin investment products attracted $2.8 million in net inflows, indicating that some investors are betting on a further downward price movement for the asset.

Ethereum-based products, on the other hand, which had just ended five weeks of outflows the previous week, resumed their negative trend, recording net outflows of $28.9 million.

James Butterfill, Head of Research at CoinShares, explained this was due to a “lackluster” investor interest in the asset. This indicates that while Ethereum had briefly stabilized in the eyes of investors, confidence in its performance has not been fully restored, resulting in continued outflows.

Meanwhile, multi-asset investment products, which provide diversified exposure ac

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Author: Samuel Edyme