Serious Capital Outflow from Investment Bitcoin and Ethereum Products

Last week, investment products with digital assets experienced a significant outflow, with investors withdrawing over $584 million from the market, according to the latest report from CoinShares.
The two largest cryptocurrencies suffered the biggest losses, with Bitcoin outflows amounting to $630 million and Ethereum outflows totaling $580,000.
Interestingly, this change led to a sharp increase in investments in altcoins, as multi-asset products saw an influx. This suggests that investors are noticing opportunities in the altcoin market despite broader pessimism around major cryptocurrencies.
Despite these outflows, there was no significant increase in short positions against BTC, indicating somewhat complex investor sentiments. While bearish prospects affected both Bitcoin and Ethereum, the impact on ETH was slightly less.
Read more:
Potential Cryptocurrency Events That May Affect Token Prices This Week
Altcoins Gain Popularity
Unlike the outflows from the two largest cryptocurrencies, multi-asset products saw significant inflows of $98 million. This change shows that investors view the current weakness in the altcoin market as an excellent buying opportunity.
These sentiments are supported by the influx of funds into specific tokens such as Solana (SOL), Litecoin (LTC), and Polygon (MATIC), which received $2.7 million, $1.3 million, and $1 million respectively.
Global Trends
Global trends also reflect this change. The United States leads in outflows with $475 million, followed by Canada with $109 million. Germany and Hong Kong also experienced outflows of $24 million and $19 million respectively.
However, not all regions follow this trend. Switzerland and Brazil, for example, registered inflows of $39 million and $48.5 million respectively.