Digital Asset ETPs Record $513 Million Net Outflows After Liquidity Shock
CoinShares research head James Butterfill reported $510 million in digital asset investment product outflows last week, with Bitcoin products leading withdrawals and minor Ethereum inflows failing to offset the decline.
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Fact Check
The statement is directly corroborated by two independent sources (Binance Square and ChainCatcher). Source 11 confirms the precise $513 million outflow figure and links it to a 'liquidity cascading event,' citing data from CoinShares. Source 8 also confirms the $513 million outflow. The evidence is specific, consistent, and attributed to a credible data source.
Summary
CoinShares’ James Butterfill stated that digital asset investment products saw approximately $510 million in net outflows last week. The majority of the withdrawals were concentrated in Bitcoin-related products, while Ethereum saw limited dip buying activity that was insufficient to counterbalance the Bitcoin outflows. The data highlights continued cautious sentiment among institutional investors toward crypto funds.
Terms & Concepts
- Digital Asset Investment Product: Financial instruments such as funds or ETPs that allow investors to gain exposure to cryptocurrencies without directly holding the assets.
- Bitcoin Investment Product: An investment vehicle, such as an ETF or ETP, that tracks the performance of Bitcoin and allows exposure through traditional markets.