Bitcoin Sees Fourth Week Of Outflows, With Investment Products At $844M

Investment in digital asset products recorded a minor outflow of $17 million last week, marking the fourth consecutive week of negative sentiment, according to Coinshares.

The total volumes of investment products were low at $844 million for the week, which also reflects a similar situation for the entire Bitcoin BTC/USD market volumes, which averaged $57 billion, down 15% from usual levels.

The report highlighted a regional sentiment flip, with the U.S. seeing inflows of $7.6 million while Europe saw outflows of $23 million.

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Bitcoin continued to be the focus, with outflows for the fourth consecutive week totaling $20 million, while short-Bitcoin saw inflows for the third week totaling $1.8 million.

Despite the recent inflows into short-Bitcoin, total assets under management (AuM) have only risen by 4.2% year-to-date compared to long-Bitcoin AuM, which has risen by 36%, indicating that short positions have not delivered the expected returns so far this year.

Minor inflows were seen in altcoins last week, with Ethereum ETH/USD and Solana SOL/USD seeing $700,000 and $340,000, respectively.

However, Binance BNB/USD and Cosmos ATOM/USD saw outflows of $380,000 and $210,000, respectively.

In a surprising trend, blockchain equity investors remained bullish with inflows of $1.6 million last week.

The report suggests that the continued investor concerns over regulatory uncertainty for the asset class may be the reason behind the lack of returns on short positions.

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