Investment vehicles for digital assets have experienced a net outflow for the third week in a row, amounting to **$30 million**. This pattern reflects the ambivalent attitudes prevailing in the cryptocurrency sphere, marked by substantial withdrawals from certain assets.
Per the insights from **CoinShare’s** analysis, Ethereum has endured its largest outflows since August 2022, with a total of **$61 million** exiting this week. The cumulative outflow over the past fortnight has reached **$119 million**, positioning Ethereum as the asset with the most unfavorable net flows for the current year. In contrast, Bitcoin ETPs have seen an uptick with **$10 million** in inflows. Similarly, multi-asset offerings have garnered **$18 million**, suggesting a tentative resurgence or strategic redistribution in the digital asset sector.
**Trading Volume and Geographic Movements**
The trading volume has surged by **43%** on a week-to-week basis, hitting **$6.2 billion**. Nevertheless, this figure falls short of the average weekly volume for the year, which stands at **$14.2 billion**. From a regional perspective, the United States, Brazil, and Australia have reported positive inflows. On the other hand, Germany, Hong Kong, Canada, and Switzerland have been notable for their outflows. The market has observed a rise in outflows from positions betting against Bitcoin, totaling **$4.2 million**—a signal of shifting investor sentiment towards the cryptocurrency. Other cryptocurrencies, such as Solana and Litecoin, have also piqued investor interest, drawing inflows of **$1.6 million** and **$1.4 million**, respectively.
Despite the generally upbeat mood in the wider crypto market this year, blockchain-related stocks have taken a hit, with outflows reaching **$545 million**. This sum represents **19%** of their total managed assets, highlighting a pessimistic stance among investors in blockchain equities.