Outflows in digital asset investment products continued for the third week in a row. The latest weekly outflow of $435 million marked the highest outflow since March.
During the same period, short Bitcoin investment products amassed $1.3 million in inflows. This suggests a growing interest among market players in hedging or profiting fromSeveral altcoins, on the other hand, defied the widespread bearish trend. In fact, the asset manager found that investors primarily opted for multi-coin investment products, which saw $7 million in inflows.
While Grayscale’s outflows are slowing down, CoinShares also observed a decrease in inflows from new issuers, which only amounted to $126 million last week, compared to $254 million the previous week. Germany and Canada also faced negative sentiment, with $16 million and $32 million in outflows, respectively. Sweden’s outflow for the week stood at $8.1 million.
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