Cryptocurrency Investment Products Ethereum Trails as Worst Performer Among All

Digital asset management company CoinShares reported institutional outflows from crypto products for the third consecutive week.
According to the report, funds outflow from these products totaled $300,000 over the past week.
“Digital asset investment products saw a total outflow of $300,000 for the third consecutive week,” the report stated. Despite this trend, the scale of outflows decreased compared to previous weeks. Several providers recorded minor inflows, which were overshadowed by Grayscale’s strong outflows of $15.3 billion.
However, not all regions showed negative trends. In the US, Brazil, and Australia, inflows amounted to $430,000, $76,000, and $30,000 respectively.
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In contrast, strong outflows were recorded in Germany ($290,000), Hong Kong ($230,000), Canada ($140,000), and Switzerland ($130,000).
Bitcoin (BTC)
remains the largest cryptocurrency by market capitalization, with other altcoins such as
Solana (SOL)
and
Litecoin (LTC)
seeing inflows of $180,000, $100,000, $16,000, and $14,000 respectively.
Chainlink (LINK)
and
XRP
also recorded inflows of $6,000 and $3,000.
However,
Ethereum (ETH)
faced significant challenges, experiencing its worst week since June 2022. Ethereum saw outflows amounting to $1.19 million, with total outflows over the past two weeks reaching $2 billion, making it the worst-performing asset in net flow performance this year.