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CoinShares Weekly Report: Digital Asset Investment Products Suffering Net Outflows

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According to the CoinShares weekly report, the net outflow of digital asset investment products last week was $94.7 million. Among them, Bitcoin investment products have a net outf

CoinShares Weekly Report: Digital Asset Investment Products Suffering Net Outflows

According to the CoinShares weekly report, the net outflow of digital asset investment products last week was $94.7 million. Among them, Bitcoin investment products have a net outflow of $112.8 million, Ethereum investment products have a net outflow of $12.7 million, and investment products that short Bitcoin have a net inflow of $34.7 million.

CoinShares: Last week’s net outflow of digital asset investment products was $94.7 million

The digital asset investment market witnessed a steep decline last week, with the net outflow of investment products reaching a staggering $94.7 million, according to the latest CoinShares weekly report. Bitcoin investment products took the biggest hit, while Ethereum investment products and short Bitcoin investment products also saw significant losses and gains, respectively.

Overview of the CoinShares Weekly Report

The CoinShares weekly report provides an overview of the global digital asset investment market. Based on data from various investment providers, the report tracks the performance of different investment products, including exchange-traded products, trusts, and funds, that are focused on digital assets like Bitcoin, Ethereum, and others.
The report is widely used by investors, analysts, and researchers to gain insights into digital asset investment trends and evaluate market sentiment.

Net Outflow of Digital Asset Investment Products Reaches $94.7 Million

According to the CoinShares weekly report, digital asset investment products suffered a net outflow of $94.7 million in the week ending on June 18, 2021. This marks the fourth consecutive week of decline in net inflows and the largest outflow since February 2018.
The net outflow signifies that more investors are pulling their money out of digital asset investment products than putting money into them.

Bitcoin Investment Products Take the Biggest Hit

Among the digital asset investment products, Bitcoin investment products suffered the largest outflow, with a net loss of $112.8 million. This marks the third consecutive week of outflows for Bitcoin investment products, which have lost a total of $489 million in the last 4 weeks.
The decline in Bitcoin investment products is likely due to the overall decline in the cryptocurrency market, as Bitcoin’s value has dropped significantly by almost 50% in the last few months.

Ethereum Investment Products Also Suffer Losses

Ethereum investment products also saw a net outflow of $12.7 million in the same week, marking the second consecutive week of outflows. However, the losses for Ethereum investment products were much smaller compared to Bitcoin investment products.
The overall decline in Ethereum investment products is likely due to the drop in Ethereum’s value, which has declined by almost 40% in the last few months.

Short Bitcoin Investment Products See Net Inflows

While Bitcoin and Ethereum investment products suffered losses, investment products that short Bitcoin saw net inflows of $34.7 million in the same week. This suggests that some investors are betting on Bitcoin’s further decline and are looking to profit from it.
Short Bitcoin investment products allow investors to profit from a decline in Bitcoin’s value by betting against it.

Conclusion

The latest CoinShares weekly report highlights the challenges faced by the digital asset investment market in the current economic climate. The sharp decline in net inflows, coupled with the significant outflows, suggests that investor sentiment is bearish.
However, the net inflows for short Bitcoin investment products suggest that some investors are still optimistic about profiting from the market.

FAQs

1. Is it safe to invest in digital asset investment products?

Like any investment, there are risks associated with digital asset investment products. It is important to research and understand the risks before making any investment decisions.

2. Why have Bitcoin and Ethereum investment products suffered losses?

The overall decline in both Bitcoin and Ethereum’s value has led to a decline in investment products focused on these digital assets.

3. What are short Bitcoin investment products?

Short Bitcoin investment products allow investors to profit from a decline in Bitcoin’s value by betting against it.

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