##  [# Digital-Asset Product Flows Drop](/sections/news/digital-asset-product-flows-drop) 

 

# Digital-Asset Product Flows Drop

 

 

Profit-taking is the likely reason for net outflows of $16 million last week.



 

 

 

 

 [![JamesButterfill310x310](/sites/default/files/styles/author_image_icon/public/2023-08/JamesButterfill310x310.png?itok=uNqgiAyR)](/contributors/james-butterfill) 

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

 Dec 18, 2023

 Edited by: Mark Nacinovich

 

 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

[Digital-asset](https://www.etf.com/topics/cryptocurrency) investment products saw minor outflows of $16 million last week, ending a run of 11 straight weeks of inflows. Trading activity remained well above the year average, though, at $3.6 billion.

The mixed regional flows suggest this was more related to profit-taking than to a turn in sentiment toward the asset class.

Altcoins bucked the trend, with $21 million of inflows. The main beneficiaries were solana, cardano, XRP and chainlink.

![Chart 1](/sites/default/files/inline-images/image%20225_0.png)## Bitcoin ETFs Suffered Highest Outflows

Digital-asset investment products saw minor outflows of $16 million, ending a streak of 11 straight weeks of inflows. Trading activity remained well above the year average, though, at $3.6 billion for the week, compared with the year-to-date average of $1.6 billion.

Regionally, the outflows were primarily focused on the U.S., which had $18 million in outflows, while Germany saw minor outflows of $10 million. That was partially offset by continued inflows into Canada and Switzerland totaling $6.9 million and $9.1 million, respectively. The mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment toward the asset class.

[Bitcoin](https://www.etf.com/topics/bitcoin) suffered the most, seeing $33 million of outflows last week, while short bitcoin saw minor outflows of $300,000.

Altcoins bucked the trend, with $21 million of inflows. The main beneficiaries were solana, cardano, XRP and chainlink with inflows of $10.6 million, $3 million, $2.7 million and $2 million, respectively.

Ethereum and avalanche had outflows of $4.4 million and $1 million, respectively.

Blockchain[ equities](https://www.etf.com/topics/equity) continued to experience positive sentiment, seeing substantial inflows of $122 million last week, bringing the last nine-week run to $294 million.

![Chart 2](/sites/default/files/inline-images/image%20226.png)![Chart 3](/sites/default/files/inline-images/image%20227.png)![Chart 4](/sites/default/files/inline-images/image%20228.png)![Chart 5](/sites/default/files/inline-images/image%20229.png)![Chart 6](/sites/default/files/inline-images/image%20230.png)![Chart 7](/sites/default/files/inline-images/image%20231.png) 
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-in_article_unit');
            });
    
    

 

 



 

 

 [ 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)