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Digital asset investment products experience withdrawals for the fourth straight week, amounting to $200 million.
During the week concluding on May 13, digital asset investment products recorded outflows totaling $54 million, according to CoinShares’ weekly report.
This trend of outflows has persisted for four consecutive weeks, culminating in an overall outflow of approximately $200 million, which represents 0.6% of the total assets under management.
Bitcoin (BTC) specifically experienced outflows nearing $38 million, making up 80% of the total outflows. CoinShares reported that eight altcoins recorded inflows.
Flows by asset
Over the past week, Bitcoin (BTC) faced outflows of $37.5 million, while short-Bitcoin products encountered outflows of $10.4 million during the same period. These figures suggest that investors have been “almost solely focused on the asset,” according to CoinShares.
Some assets experienced significantly smaller outflows. Multi-asset investments recorded outflows of $6.7 million, and Binance’s BNB token (BNB) saw outflows of $500,000.
Conversely, certain assets enjoyed positive inflows. Ethereum (ETH) and TRON (TRX) each saw inflows of $200,000, while Cardano (ADA) recorded inflows of $500,000. Ripple’s XRP token (XRP) experienced neither outflows nor inflows. Other assets collectively saw inflows of $500,000.
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In total, all categories combined resulted in $53.7 million of outflows.
Flows by country
CoinShares also highlighted that outflows were observed across multiple regions, indicating that the sentiment driving this trend is not confined to a limited group of investors.
Germany accounted for the majority of outflows, with $30.5 million this week. The U.S. followed in second place, with $12.4 billion in outflows.
Brazil contributed $7 million in outflows, while Switzerland accounted for $4.2 million. Sweden recorded $400,000 in outflows.
Only Australia and Canada reported positive inflows, with $700,000 and $200,000, respectively. Inflows and outflows for France were not disclosed, and other countries reported no inflows or outflows.
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