Digital Asset Investment Products See Significant Outflows
Digital asset investment products have experienced a downturn, with a total of $6.4 billion exiting the market during a challenging period. This trend marks the fifth consecutive week of withdrawals, amounting to $1.7 billion in total outflows, a record losing streak not seen since 2015.
> Digital asset investment products saw $1.7B in outflows last week, marking the 5th consecutive week of withdrawals and a 17-day negative streak, the longest since 2015.
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> Total outflows over this period now stand at $6.4B, while year-to-date inflows remain positive at $912M.
> — Satoshi Talks (@Satoshi_Talks) March 17, 2025
Despite the persistent negative sentiment, inflows for the year remain positive at $912 million. Yet, these ongoing outflows have led to a $48 billion decrease in total assets under management (AuM), highlighting the market’s volatility.
Outflows by Region
The United States experienced the largest capital withdrawal, with $1.16 billion, representing 93% of the total losses. Switzerland faced $528 million in outflows after a major early investor exited. In contrast, Germany saw only $8 million entering the market during this period.
Performance of Major Cryptocurrencies
Bitcoin was hit hardest, with $978 million exiting last week alone. Over the five-week span, Bitcoin’s outflows totaled $5.4 billion. Other cryptocurrencies, such as Ethereum and Solana, also experienced losses, with $175 million and $2.2 million in outflows, respectively.
Interestingly, XRP was one of the few assets attracting investments, gaining $1.8 million. Despite the overall market downturn, XRP’s influx showcases a differing trend among major digital currencies. The Bitwise Bitcoin ETF recorded net inflows of $23.04 million, bringing its total to $2.03 billion in AuM. Similarly, the VanEck Bitcoin ETF (HODL) saw $4.79 million in net inflows, raising its total inflows to $832.4 million and an AuM of $1.19 billion.
Binance’s Asset Changes
Conversely, Binance experienced a significant decline in its AuM, now at just $15 million after a major investor’s exit. Blockchain stocks also suffered with $40 million in withdrawals. Notably, BlackRock’s iShares Bitcoin Trust reported $96.24 million in net outflows but still leads as the top-performing fund with $39.24 billion in total net inflows.
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