##  [# Digital Assets Saw $15.6M in Outflows Last Week](/sections/bitcoin-crypto/digital-assets-saw-156m-outflows-last-week) 

 

# Digital Assets Saw $15.6M in Outflows Last Week

 

 

 Short-bitcoin investment products saw outflows for the third consecutive 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)

 Nov 07, 2022

 Edited by: James Butterfill

 

 

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**Takeaways**

- Digital asset investment products saw minor outflows totalling US$15.6m last week, and a bad start to the month with outflows totalling US$19m.
- Bitcoin saw outflows totalling US$13m for the week. This follows a 7-week run of inflows and comes after the FOMC raised interest rates by a further 75 basis points.
- Short-Bitcoin investment products also saw outflows for the 3rd consecutive week totalling US$7.1m, bringing total outflows to US$28m.
- XRP saw inflows for the 3rd week totalling US$1.1m implying improving investor confidence as the SEC case against Ripple looks increasingly fragile.

![](/sites/default/files/images/charts/DASaw156m_1.png)

![](/sites/default/files/images/charts/DASaw156m_Table1.png)

![](/sites/default/files/images/charts/DASaw156m_Table2.png)

Digital asset investment products saw minor outflows totalling US$15.6m last week, and a bad start to the month with outflows totalling US$19m. However, the flows activity remains very low relative to history, with this doldrum period lasting 8 weeks now.

Regionally, the negative activity was focussed on the Americas, with the US, Canada and Brazil seeing outflows of US$21m, US$2.1m and US$1.8m respectively. This was offset by inflows from Germany at US$4m and Switzerland at US$6.8m.

Most of the negative sentiment was directed towards Bitcoin, with outflows totalling US$13m for the week. This follows a 7-week run of inflows and comes after the FOMC raised interest rates by a further 75 basis points, while suggesting they were going to continue raise rates for longer than was previously stated.

Opinion about the FOMC messaging was mixed though, as short-Bitcoin investment products also saw outflows for the 3rd consecutive week totalling US$7.1m, bringing total outflows to US$28m (22% of total assets under management (AuM)), being the largest run of outflows on record.

After a 4-week run of outflows, Ethereum saw minor inflows totalling US$2.7m. XRP saw inflows for the 3rd week totalling US$1.1m implying improving investor confidence as the SEC case against Ripple looks increasingly fragile.

![](/sites/default/files/images/charts/DASaw156m_2.png)

![](/sites/default/files/images/charts/DASaw156m_3.png)

![](/sites/default/files/images/charts/DASaw156m_4.png)

![](/sites/default/files/images/charts/DASaw156m_5.png)

![](/sites/default/files/images/charts/DASaw156m_6.png)

![](/sites/default/files/images/charts/DASaw156m_7.png)

![](/sites/default/files/images/charts/DASaw156m_8.png)

*Contact James Butterfill at [research@coinshares.com](mailto:research@coinshares.com "Follow link")*



 

 

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

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