Last week, digital asset investment products experienced notable outflows amounting to $240 million. This trend seems to be influenced by recent developments surrounding US trade tariffs, raising concerns about potential impacts on economic growth. Despite these outflows, the total assets under management managed to remain relatively stable at $132.6 billion, which signifies a modest 0.8% increase.
According to CoinShares, this stability within the digital asset market is commendable, especially when reflected against other asset classes. For instance, MSCI World equities faced a significant decline of 8.5% during the same timeframe, underscoring the resilience and robustness of digital assets amid economic uncertainties.
The latest installment of CoinShares’ Digital Asset Fund Flows Weekly Report indicates that the majority of the outflows stemmed from Bitcoin, with $207 million exiting the market last week alone, thereby reducing its year-to-date inflows to $1.3 billion.
On a slightly positive note, Short-Bitcoin saw inflows of $2.8 million during this period. However, the altcoin landscape exhibited mixed results. Ethereum recorded withdrawals totaling $37.7 million, while Solana and Sui experienced outflows of $1.8 million and $4.7 million, respectively.
Conversely, XRP attracted positive movement, with inflows of $4.5 million, complemented by multi-asset products gaining $1.4 million. Additionally, Toncoin, a less mainstream token, saw a modest uptick of $1.1 million in inflows.
For the second consecutive week, blockchain equities have reported inflows of $8 million, indicating that investors are potentially viewing the recent price weakness as an opportunity for acquisition.
On a regional basis, significant outflows were observed led predominantly by the US and Germany, which recorded $210 million and $17.7 million in outflows, respectively. Switzerland and Sweden followed closely with outflows of $8.3 million and $7.1 million.
In contrast, Canadian investors appeared to seize the market volatility as an opportunity, resulting in inflows of $4.8 million. Brazil and Hong Kong saw smaller inflows of $1.4 million and $0.8 million, while Australia attracted $0.6 million.
In summary, the digital asset market exhibits resilience even in the face of external pressures, as demonstrated by both outflows and inflows across various assets. As market dynamics continue to evolve, investors will need to remain vigilant and adaptable to seize potential opportunities while managing risks effectively.
