Last week, digital asset investment products experienced a $240 million outflow. However, total assets under management remained stable at $132.6 billion, reflecting a mere 0.8% increase.
Coinshares said this stability is impressive when compared to other asset classes such as MSCI World Equities, which fell 8.5% over the same period, highlighting the strength of digital assets in the face of economic uncertainty.
The majority of the past came from Bitcoin as $207 million left the market over the past week, cutting the total annual inflow to $1.3 billion, according to the latest edition of Coinshares’ Digital Asset Fund Flows Weekly Report.
Short Bitcoin saw an influx of $2.8 million over the same period. The Altcoin flow was extremely diverse as Ethereum experienced withdrawals worth $37.7 million. Solana and Sui saw a $1.8 million and $4.7 million spills, respectively.
Meanwhile, XRP saw positive moves with a $4.5 million inflow followed by a $1.4 million multi-asset product. Toncoin, a more “esoteric” token, also saw an influx of $1.1 million.
For the second week in a row, blockchain stocks saw an inflow of $8 million.
Regional runoff was important, with the US and Germany leading the way with $210 million and $17.7 million respectively. Switzerland and Sweden continued at $8.3 million and $7.1 million.
In contrast, Canadian investors view market volatility as an opportunity to increase their position, resulting in an influx of $4.8 million. Brazil and Hong Kong saw a modest inflow of $1.4 million and $800,000, with Australia attracting $600,000.
