CoinShares: Trading volume of crypto investment products drops to lowest level in two years

On October 24, the European cryptocurrency investment company CoinShares released a report on the flow of digital asset funds. The report shows that digital asset investment products have accumulated outflows of US$5 million last week, continuing what it calls the so-called "fund flow" that began in September 2022. cooling off period".

Most notably, volumes in investment products fell to $758 million last week, the lowest level since October 2020 and well below the $7 billion weekly average a year earlier, when crypto markets were on an uptrend.

The report showed that bitcoin investment products had small inflows of $4.6 million, the sixth consecutive week of inflows, while investment products that shorted bitcoin saw outflows of $7.1 million.

Ethereum investment products saw outflows for the third week in a row, totaling $2.5 million, bringing the combined total outflows to $11.5 million, or just 0.2% of AUM. XRP saw inflows of $8 million. While this figure may seem low, it is reportedly close to the highest level since the SEC filed a lawsuit against Ripple .

So far this year, bitcoin funds have seen net inflows of $296.2 million, while ethereum funds have seen net outflows of $371.2 million. The data suggest that during bear markets , investment managers have opted for Bitcoin’s relative stability and long track record of inflows.

Sweden , Canada and the U.S. saw the most outflows, with $4.5 million, $1.9 million and $1.2 million, respectively, while Germany, Brazil and Switzerland all saw small inflows, according to CoinShares.