On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flow Report.”revealThat digital asset investment products are experiencing capital outflows for another week in a row. With a total of $54 million exiting the market, this brought “total capital outflows to $200 million, representing 0.6% of total assets under management (AuM),” CoinShares reported.
Bitcoin funds have seen $38 million in outflows in the past four weeks. The total outflow of BTC amounted to $160 million, accounting for 80% of the total outflow. Additionally, when including the outflow from short positions in Bitcoin, the total value of outflow associated with this asset alone reached $160 million. $201 million. These figures clearly highlight the overwhelming focus of recent investor activity on Bitcoin.
The report also states that Multi-asset investments also experienced $7 million outflows in the past week. However, there have been 8 different altcoin asset inflows, meaning investors are more selective in their investment options. he
Among the altcoins, funds linked to Cardano, Tron and Sandbox have attracted slightly less than $1 million each, while BNB is the only altcoin that has seen an outflow.
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