According to CoinShares’ latest report, digital asset investment products experienced a significant outflow last week, with investors withdrawing over $5.84 billion from the market. The two largest cryptocurrencies suffered the greatest losses, with Bitcoin seeing a capital outflow of $6.3 billion and Ethereum – $580 million. 
Interestingly, this change led to a sharp increase in investment. Altcoins, multi-asset products, saw a capital inflow. This indicates that, despite broader pessimism around the mainstream market, investors are still finding opportunities in the altcoin market. Although bearish prospects affected both Bitcoin and Ethereum, the impact on ETH was slightly less pronounced.
Despite these capital outflows, Bitcoin’s short positions did not significantly increase, showing investors’ sentiments were somewhat complex. While the bearish outlook affected both Bitcoin and Ethereum, the impact on ETH was somewhat less.
Read more: 
This week’s potential crypto events that could affect certain token prices
Altcoins are becoming increasingly popular
In stark contrast to the capital outflows from the two largest cryptocurrencies, multi-asset products saw a strong capital inflow of $980,000. This change further indicates that investors view the current weakness in the altcoin market as an excellent buying opportunity.
These sentiments were also supported by capital inflows into specific tokens such as Solana (SOL), Litecoin (LTC), and Polygon (MATIC), which received $27,000, $13,000, and $10,000 respectively.
Global Trends
Global trends also reflected this change. The U.S. led with $4.75 billion in capital outflows, followed by Canada with $1.09 billion. Germany and Hong Kong also saw capital outflows of $240,000 and $190,000 respectively. 
However, not all regions followed this trend. For example, Switzerland and Brazil saw inflows of $390,000 and $485,000 respectively. 