investment products Ethereum There was money outflow for the fourth week in a row. This is despite positive inflows to other crypto-based investment products.
Ethereum saw $22.5 million worth of outflows last week. This is in contrast to most other leading altcoins.followCoinShares report on April 8
“Digital asset investment products continue to have positive sentiment. with total inflows of US$646 million last week. Year-on-year inflows were US$13.8 billion. It’s at the highest level it’s ever been. This now far exceeds the $10.6 billion seen in 2021.”
Source: CoinShares
Ethereum products saw outflows for the fourth week in a row, even as other leading altcoins posted positive inflows. According to the report, Litecoin saw weekly inflows of $4.4 million, followed by Solana with $4 million and Filecoin with $1.4 million.
However, this is despite $646 million in weekly inflows into digital asset investment products. But investor demand for ETFs may fall, according to CoinShares.
“There are signs that demand from ETF investors is moderating. Meanwhile, volumes last week dropped to US$17.4 billion this week, compared to US$43 billion in the first week of March.”
Short Bitcoin investment products saw outflows for the third week in a row totaling $9.5 million, indicating “Slight capitulation among bearish investors,” according to CoinShares.
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