CoinShares: Digital Asset Investment Products Outflow $240 million Last Week
CoinShares' latest weekly report shows that digital asset investment products saw a total outflow of $240 million last week, likely in response to the threat to economic growth posed by the recent news of US trade tariffs. Despite this, total assets under management remained remarkably stable at $132.6 billion, up 0.8% over the week. This resilience was particularly pronounced when compared to other asset classes, such as the MSCI World Equities index, which fell 8.5% over the same period, underscoring the robustness of digital assets amid economic uncertainty.
Regionally, negative sentiment was widespread, with the United States and Germany seeing the largest outflows at $210 million and $17.70 million, respectively. Canadian investors saw the recent market turmoil as an opportunity to increase their positions, flowing into $4.80 million.
Funds primarily flowed to Bitcoin, with outflows of $207 million and total year-to-date inflows of $1.30 billion.