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 <p>Digital assets manager CoinShares says crypto product institutional investments suffered their second consecutive week of outflows last week.</p>
 <p>In its latest Digital Asset Fund Flows&nbsp;report, CoinShares says digital asset investment products lost $206 million in outflows last week, bringing the two-week total outflows to nearly $312 million.</p>
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 <p>According to CoinShares, investor interest in crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs) is dipping as fears of an increase in interest rates rise.</p>
 <p><em>“Digital asset investment products saw outflows for the second consecutive week totaling $206 million, with trading volumes in ETPs dipping slightly at $18 billion.</em></p>
 <p><em>These volumes represent a lower percentage of total bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago. The data suggests appetite from ETP/ETF investors continues to wane, likely off the back of expectations that the FED is likely to keep interest rates at these high levels for longer than expected.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://a.storyblok.com/f/155294/2400x1440/e8de1c4219/coinshares_fundflows_chart_flows_22042024.png/m/" alt="" width="1063" height="499">
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   Source: CoinShares
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 <p>While institutional investors in Canada and Switzerland provided $30 million and $8 million in inflows, respectively, Germany saw minor outflows of $8 million. Meanwhile, negative US ETF sentiment led to large regional outflows of $244 million.</p>
 <p>Bitcoin (BTC), per usual, suffered the brunt of the outflows, losing $192 million. For the sixth week in a row, Ethereum (ETH) products saw outflows, last week to the tune of $34 million.</p>
 <p>However, certain crypto products did manage to draw inflows. Multi-asset investment vehicles, products investing in more than one crypto, enjoyed $9 million in inflows last week while Litecoin (LTC) and Chainlink (LINK) raked in $3.2 million and $1.7 million a piece.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/us-institutions-take-206-000-000-out-of-crypto-investment-products-amid-interest-rate-worries-coinshares-tbt86154.html">https://thebittimes.com/us-institutions-take-206-000-000-out-of-crypto-investment-products-amid-interest-rate-worries-coinshares-tbt86154.html</a></p>

US Institutions Take $206,000,000 out of Crypto Investment Products Amid Interest Rate Worries: CoinShares

TheBitTimes

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