Cryptographic investment products had an outflow of $ 39 million in the week of June 13, bringing the value of the industry’s assets under management (AuM) to $ 36 billion. This is the lowest since February 2021. CoinShares report..
Bearish sentiment among investors may be nearing its peak as Short Bitcoin recorded a $ 5.8 million outflow after AuM reached a record $ 64 million, according to the report.
Investors are buying Bitcoin dips
Despite falling below $ 20,000 last week, Bitcoin saw an inflow of $ 28 million, giving CoinShares clear signs that investors bought a decline.
The inflow indicates that investors used the Bitcoin crash to buy coins at a lower price. In context, this month’s total BTC inflow was $ 46 million.
Meanwhile, Ethereum has leaked for 11 consecutive weeks. Top Altcoin recorded a $ 70 billion outflow in the week of June 13, bringing total flow to $ 458.6 million this year.
Solana seems to be benefiting from Ethereum’s misfortune with the inflow of $ 700,000. The Ethereum Killer has recorded over $ 100 million inflows over the last 12 months.
Multi-asset investment products also recorded a weekly inflow, recording $ 9 million.
Canadian exchange records spill
A quick look at the data shows that the Canadian exchange leads the outflow at $ 141.2 million and Sweden is second with the outflow of $ 8.3 million.
However, the US, German, Brazilian and Swiss exchanges have recorded large inflows to reduce outflow margins.
The US exchange saw an inflow of $ 79 million, while European countries recorded an inflow of $ 12 million.
Objective ETFs guide the influx of service providers
Objective ETFs and ProShares recorded inflows of $ 134.6 million and $ 78.60 million, respectively. Other major crypto investment service providers such as Grayscale, ETC Group and 21 shares also recorded positive flows.
Meanwhile, 3iQ leads the outflow at $ 274 million. The flow from that year to the present is now a staggering $ 425 million. Followed by CoinShares XBT, which recorded a $ 8.3 million outflow. This year’s outflow was also $ 375 million.
