Institutional Investors Leave Crypto Markets for 4th Week: CoinShares

The manager of digital assets CoinShares says that institutional crypto investment products lost money for the fourth week in a row last week.

In its most recent Digital Asset Fund Flows Weekly Report, CoinShares found that institutional crypto investment products lost nearly $20 million last week, while short investment products received small amounts of money.

“Digital asset investment products saw minor outflows totaling US$17m last week, marking the 4th consecutive week of negative sentiment.”

From CoinShares

With $20,1 million, Bitcoin (BTC) products lost the most money. Short-Bitcoin products, on the other hand, saw small inflows of $1.8 million. Short-BTC products have brought in about $50 million so far this year, which is second only to Bitcoin’s $126 million.

Coinshares says it thinks investors may be rushing to buy short-BTC products because they don’t know what the rules are.

“Despite the recent inflows into short-bitcoin, total assets under management (AuM) have risen by only 4.2% YTD [year-to-date] compared to long-bitcoin AuM having risen by 36%, suggesting short positions have not delivered the returns some investors expected this year so far. Nonetheless, it likely represents continued investor concerns over regulatory uncertainty for the asset class.”

Last week, most altcoin investments got small amounts of money. Last week, $800,000 was put into multi-asset investment vehicles. These are vehicles that invest in a basket of digital assets. Ethereum (ETH) items earned $0.7 million, while Solana (SOL) cars earned $0.3. Both Binance (BNB) and Cosmos (ATOM) saw small amounts of money come in, about $400,000 and $200,000, respectively.