Crypto Investment Products Experience $4.75 Billion in Outflows Over Four Weeks
Crypto investment products experienced four consecutive weeks of outflows, totaling $4.75 billion, with $876 million withdrawn last week.
Key points:
- Total assets under management (AUM) decreased by $39 billion to $142 billion.
- U.S. investor sentiment is bearish, contributing $922 million in outflows.
- European and Canadian markets showed modest inflows.
- Bitcoin-focused products had $756 million in outflows; shorting products saw $19.8 million withdrawn.
- Ethereum products faced $89 million in outflows.
- Solana (SOL), XRP, and Sui (SUI) recorded inflows of $16.4 million, $5.6 million, and $2.7 million respectively.
- Despite the decline in AUM, Bitcoin is up over 21% since November 5, and the CoinDesk 20 Index is up around 30% during the same period.