##  [# Digital Assets Had $9M in Outflows Last Week ](/sections/news/digital-assets-had-9m-outflows-last-week) 

 

# Digital Assets Had $9M in Outflows Last Week 

 

 

Europe saw net inflows of $16 million, while U.S. had $14 million in outflows.



 

 

 

 

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[By James Butterfill](/contributors/james-butterfill)

 Sep 25, 2023

 Edited by: Mark Nacinovich

 

 

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- Digital asset investment products saw outflows for the sixth consecutive week with $9 million in outflows last week, according to CoinShares, a European digital-asset management firm.
- A divergence in sentiment from a regional perspective was evident, with inflows into Europe totaling $16 million as investors see recent regulatory disappointment in Europe as a buying opportunity. Meanwhile, U.S. investors pulled out $14 million.
- Investors are becoming more discerning with altcoins with continued inflows into XRP and Solana totaling $660,000 and $310,000, respectively.

![](/sites/default/files/inline-images/Image1%20%281%29.png)

Digital asset investment products saw outflows for the sixth consecutive week with $9 million in outflows last week. Volumes were low at $820 million for the week, well below the average of $1.3 billion for the year so far, matching a similar low volume trend in the broader digital asset market.

![](/sites/default/files/inline-images/Image2%20%281%29.png)

Similar to the prior week, a divergence in sentiment from a regional perspective was evident this week, with inflows into Europe totaling $16 million. Investors see recent regulatory disappointment in the continent as an opportunity. Meanwhile, U.S. investors pulled out $14 illion, seemingly in a continued funk over recent events.

Bitcoin saw minor outflows for the third consecutive week with $6 million in outflows, while short-bitcoin had $2.8 million in outflows. The $15 million in inflows into short-bitcoin for one week this month look more like an isolated event as there have been outflows totaling 78% of assets under management over the course of the last 22 weeks, suggesting investors are continuing to capitulate over their short positions.

![](/sites/default/files/inline-images/Image3%20%281%29.png)![](/sites/default/files/inline-images/Image4.png)

Ethereum continues to suffer, with outflows for the sixth consecutive week totalling $2.2 million. Multi-asset investment products have also suffered this year, seeing a small but steady trickle of outflows that now total $32 million for the year so far. It seems investors are becoming more discerning with altcoins, though, with continued inflows into XRP and Solana totaling $660,000 and $310,000, respectively.

![](/sites/default/files/inline-images/Image5.png)![](/sites/default/files/inline-images/Image7.png)![](/sites/default/files/inline-images/Image6.png)



 

 

 [ James Butterfill Head of Research and Investment Strategy ](/contributors/james-butterfill) 

 

 

  James Butterfill has over 19 years of experience in fund management, investment banking, economics and asset allocation, gained most recently as an…   [View Bio](/contributors/james-butterfill)

 



 

 


 Related Topics  [Crypto](http://www.etf.com/topics/cryptocurrency) 

 [Bitcoin](http://www.etf.com/topics/bitcoin) 

 [Europe](http://www.etf.com/topics/europe) 

 [U.S.](http://www.etf.com/topics/us)