Global digital asset investment products experienced a notable slowdown in net outflows last week, registering a total divestment of $187 million, according to the latest data from CoinShares. This figure marks a significant decrease in selling intensity compared to the heavy outflows observed in the preceding weeks, which had been driven by macroeconomic uncertainty and significant price drops across major cryptocurrencies.
Bitcoin (BTC) ETPs continued to dominate the trend, absorbing the majority of the outflows. However, the deceleration in the total amount suggests that the high-intensity selling pressure triggered by Bitcoin’s dip below the $65,000 level is waning. The reduced velocity of outflows is interpreted by analysts as an early indication that the market is beginning to stabilize.
Ethereum (ETH) and other altcoin ETPs also recorded minor net outflows, consistent with the broader defensive positioning adopted by institutional investors. Regionally, the United States accounted for the largest portion of the negative flows, primarily impacting US-listed spot Bitcoin ETFs, while European products remained relatively resilient with smaller divestments.
CoinShares highlighted that while the market is still facing negative capital movement, the reduced weekly total points toward a potential consolidation phase. The decline in outflows signals that investors who intended to liquidate their holdings following recent price corrections have largely executed those trades, paving the way for the establishment of new support levels in the coming weeks.
Source: Weekly global crypto ETP outflows slow to $187 million amid early stabilization signals: CoinShares
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