##  [# Digital Asset Products Saw $7M in Outflows Last Week](/sections/bitcoin-crypto/digital-asset-products-saw-7m-outflows-last-week) 

 

# Digital Asset Products Saw $7M in Outflows Last Week

 

 

 Macro data prompted cautiousness among investors.



 

 

 

 

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

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

 Feb 13, 2023

 Edited by: James Butterfill

 

 

     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 

 

 



 

 

**Takeaways**

- Digital asset investment products saw minor outflows totalling US$7m last week following a week of macro data that significantly beat expectations to the upside.
- The focus was primarily Bitcoin, which saw outflows totalling US$10.9m, although there were also outflows from short-bitcoin investment products totalling US$3.5m.
- Investors seem to be more discerning this year, with select coins performing well, while overall 10 altcoins saw inflows last week totalling US$4.8m.

![](/sites/default/files/images/charts/DAProdSaw7_1.png)

![](/sites/default/files/images/charts/DAProdSaw7_Table1.png)

![](/sites/default/files/images/charts/DAProdSaw7_Table2.png)

Digital asset investment products saw minor outflows totalling US$7m last week following a week of macro data that significantly beat expectations to the upside, leaving some investors spooked by the prospect of additional rate hikes by the US Federal Reserve.

Regionally, there is a divergence in sentiment with Europe seeing inflows totalling US$4.7m, primarily Germany with US$8.3m of inflows. While the Americas saw outflows totalling US$11.7m, primarily the US with outflows of US$10.4m.

The focus was primarily Bitcoin, which saw outflows totalling US$10.9m, although there were also outflows from short-bitcoin investment products totalling US$3.5m.

Multi-asset investment products saw outflows totalling US$2.4m last week, representing the 11th consecutive week of outflows. Investors seem to be more discerning this year, with select coins performing well, such as Ethereum with inflows of US$5.1m last week. Cosmos (enabling interoperability between chains) saw inflows totalling US$1.8m, nearly doubling its AuM (Assets Under Management). 10 altcoins saw inflows last week totalling US$4.8m.

Blockchain equities remain in favour with inflows totalling US$6.7m last week, bringing year-to-date inflows to US$11m.

![](/sites/default/files/images/charts/DAProdSaw7_2.png)

![](/sites/default/files/images/charts/DAProdSaw7_3.png)

![](/sites/default/files/images/charts/DAProdSaw7_4.png)

![](/sites/default/files/images/charts/DAProdSaw7_5.png)

![](/sites/default/files/images/charts/DAProdSaw7_6.png)

![](/sites/default/files/images/charts/DAProdSaw7_7.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  [Crypto](http://www.etf.com/topics/cryptocurrency) 

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