##  [# $28M Flows Out Of Digital Asset Funds](/sections/bitcoin-crypto/28m-flows-out-digital-asset-funds) 

 

# $28M Flows Out Of Digital Asset Funds

 

 

Digital asset 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)

 Jul 26, 2021

 Edited by: James Butterfill

 

 

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**Takeaways**

- Digital asset investment products saw outflows for the third consecutive week with outflows totalling US$28m.
- Bitcoin saw the majority of the outflows which totalled US$24m, the largest outflows since mid-June.
- Multi-asset investment products continue to buck the trend with another week of inflows totalling US$3.1m.
- Investment product trading turnover remains low at US$1.7bn for last week, this represents just 22% of the high in volumes seen in May.

![](/sites/default/files/images/charts/28MFlows_1.jpg)

![](/sites/default/files/images/charts/28MFlows_Table1.jpg)

![](/sites/default/files/images/charts/28MFlows_Table2.jpg)

Digital asset investment products saw outflows for the third consecutive week with outflows totalling US$28m. Last week’s outflows suggest negative sentiment still pervades the asset class despite more recent constructive comments from key industry players.

Bitcoin saw the majority of the outflows which totalled US$24m, the largest outflows since mid-June. Net flows year to date remain positive with inflows of US$4.1bn, but they are off their peak of US$4.7bn seen in early May.

Ethereum also saw outflows totalling US$7.3m although flows were very mixed amongst providers with no discernible regional trend.

Multi-asset investment products continue to buck the trend with another week of inflows totalling US$3.1m. Multi-asset is the only set of investment products where there have been inflows every week this year representing 18% of assets under management.

Investment product trading turnover remains low at US$1.7bn for last week, this represents just 22% of the high in volumes seen in May. This decline is mirrored in overall Bitcoin volumes which were 32% over the same period in what we believe is due to seasonal effects.

![](/sites/default/files/images/charts/28MFlows_2.jpg)

![](/sites/default/files/images/charts/28MFlows_3.jpg)

![](/sites/default/files/images/charts/28MFlows_4.jpg)

![](/sites/default/files/images/charts/28MFlows_5.jpg)

![](/sites/default/files/images/charts/28MFlows_6.jpg)

![](/sites/default/files/images/charts/28MFlows_7.jpg)

*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) 

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