07-11-2022, 03:37 PM
Ethereum Investment Products See $5 Million in Weekly Inflows
<p>Ethereum investment products struggled to attract substantial inflows from institutional investors since the start of 2022. With year-to-date outflows of approximately $451 million, ETH remained the worst performing digital asset among prominent cryptocurrencies. However, the sentiment changed slightly during the past week as ETH products witnessed inflows worth nearly $5 million.</p><p>Amid bearish sentiment, institutional investors were more focused on short-Bitcoin investment products. During the last week, multi-asset investment products, Solana (SOL) and Polkadot (DOT) also saw minor inflows.</p><p>“Digital asset investment products saw inflows totaling US$64m last week, although the headline figures obscure the fact that a significant majority were into short-bitcoin investment products. Ethereum saw a second week of inflows totaling US$5m last week, breaking the 11-week spell of outflows. Multi-asset (multi-crypto) investment products saw inflows totaling US$4.4m and remain the least affected by recent negative sentiment with minor outflows in only 2 weeks of this year,” CoinShares noted in its weekly report.</p><p>In the 4th week of June, Bitcoin investment products witnessed historic outflows. As a result, the overall value of global digital assets under management dropped sharply.</p>Regional Flows<p>Apart from Sweden, crypto asset managers across Europe, North America and Australia witnessed inflows during the past week. Crypto asset managers in the US attracted $46 million worth of inflows, the figure includes investment in short-Bitcoin products.</p><p>“Small inflows were seen into long investment products in regions other than the US such as Brazil, Canada, Germany and Switzerland totaling US$20m. This highlights investors are adding to long positions at current prices, with the inflows into short-Bitcoin possibly due to first-time accessibility in the US rather than renewed negative sentiment,” the report added.</p><p>After the recent weekly flows, global crypto assets under management now stand at around $35.4 billion. The combined value of Bitcoin and Ethereum investment products stands near $32 billion.
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This article was written by Bilal Jafar at www.financemagnates.com.
https://www.financemagnates.com/cryptocu...y-inflows/
<p>Ethereum investment products struggled to attract substantial inflows from institutional investors since the start of 2022. With year-to-date outflows of approximately $451 million, ETH remained the worst performing digital asset among prominent cryptocurrencies. However, the sentiment changed slightly during the past week as ETH products witnessed inflows worth nearly $5 million.</p><p>Amid bearish sentiment, institutional investors were more focused on short-Bitcoin investment products. During the last week, multi-asset investment products, Solana (SOL) and Polkadot (DOT) also saw minor inflows.</p><p>“Digital asset investment products saw inflows totaling US$64m last week, although the headline figures obscure the fact that a significant majority were into short-bitcoin investment products. Ethereum saw a second week of inflows totaling US$5m last week, breaking the 11-week spell of outflows. Multi-asset (multi-crypto) investment products saw inflows totaling US$4.4m and remain the least affected by recent negative sentiment with minor outflows in only 2 weeks of this year,” CoinShares noted in its weekly report.</p><p>In the 4th week of June, Bitcoin investment products witnessed historic outflows. As a result, the overall value of global digital assets under management dropped sharply.</p>Regional Flows<p>Apart from Sweden, crypto asset managers across Europe, North America and Australia witnessed inflows during the past week. Crypto asset managers in the US attracted $46 million worth of inflows, the figure includes investment in short-Bitcoin products.</p><p>“Small inflows were seen into long investment products in regions other than the US such as Brazil, Canada, Germany and Switzerland totaling US$20m. This highlights investors are adding to long positions at current prices, with the inflows into short-Bitcoin possibly due to first-time accessibility in the US rather than renewed negative sentiment,” the report added.</p><p>After the recent weekly flows, global crypto assets under management now stand at around $35.4 billion. The combined value of Bitcoin and Ethereum investment products stands near $32 billion.
</p>
This article was written by Bilal Jafar at www.financemagnates.com.
https://www.financemagnates.com/cryptocu...y-inflows/