Bitcoin Ends Week With Inflows of $375 Million as Multi-Asset Products Face Losses of $121 Million

Last week saw inflows of $308 million into digital asset investment products, although this was overshadowed by a significant outflow of $576 million on December 19. In the last two days of the week, total outflows of $1 billion occurred.

The recent price declines led to a $17.7 billion drop in total assets under management (AuM) of digital asset ETPs, which is likely influenced by the hawkish stance of the Federal Reserve’s dot plot released on Wednesday.

Bitcoin posts strong inflows

While these outflows are significant, it is also important to note that the figures represent only 0.37% of total assets under management and rank as the 13th largest single-day outflow in history, according to the latest edition of Digital CoinShares Asset Fund Flows Weekly. Report.

By comparison, the largest single-day capital outflow occurred in mid-2022, when an outflow of $540 million (2.3% of assets under management) followed the Federal Reserve’s interest rate hike. .

Although Bitcoin saw some outflows during the week, it ended with net inflows of $375 million, indicating strong market sentiment. On the other hand, bitcoin shorts recorded just $0.4 million in inflows, reflecting a lack of significant interest from short sellers.

The “most dramatic” outflows came from multi-asset investment products, which saw a sharp drop of $121 million last week.

On the altcoin front, investors in favor of more selective opportunities. Chainlink, Cardano, and Litecoin also received modest inflows of $1.7 million, $0.7 million, and $0.6 million, respectively.

Meanwhile, Ethereum continued its positive streak and attracted $51 million, while Solana saw outflows of $8.7 million during the same period.

Switzerland faces largest digital asset outflows

The United States continued to lead digital asset inflows, raising $567 million over the past week. Brazil and Australia followed with inflows of $16.6 million and $10.2 million, respectively, while other regions recorded outflows.

At the top of the list of outflows during the same period was Switzerland, with $95.1 million, followed by Germany and Canada, with $74.7 million and $60.1 million. Capital outflows were also recorded in Sweden and Hong Kong, with $42.1 million and $12.1 million, respectively.