Investment in digital asset products recorded a minor outflow of $17 million last week, marking the fourth consecutive week of negative sentiment, according to Coinshares.
The total volumes of investment products were low at $844 million for the week, which also reflects a similar situation for the entire Bitcoin BTC/USD market volumes, which averaged $57 billion, down 15% from usual levels.
The report highlighted a regional sentiment flip, with the U.S. seeing inflows of $7.6 million while Europe saw outflows of $23 million.
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Bitcoin continued to be the focus, with outflows for the fourth consecutive week totaling $20 million, while short-Bitcoin saw inflows for the third week totaling $1.8 million.
Despite the recent inflows into short-Bitcoin, total assets under management (AuM) have only risen by 4.2% year-to-date compared to long-Bitcoin AuM, which has risen by 36%, indicating that short positions have not delivered the expected returns so far this year.
Minor inflows were seen in altcoins last week, with Ethereum ETH/USD and Solana SOL/USD seeing $700,000 and $340,000, respectively.
However, Binance BNB/USD and Cosmos ATOM/USD saw outflows of $380,000 and $210,000, respectively.
In a surprising trend, blockchain equity investors remained bullish with inflows of $1.6 million last week.
The report suggests that the continued investor concerns over regulatory uncertainty for the asset class may be the reason behind the lack of returns on short positions.
Next: Bitcoin Liquidity Unaffected By Silvergate Fiasco, But Market Depth Remains Low
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