{"id":2290,"date":"2022-03-02T14:58:01","date_gmt":"2022-03-02T14:58:01","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=2290"},"modified":"2022-03-02T14:58:02","modified_gmt":"2022-03-02T14:58:02","slug":"european-crypto-investment-products-recorded-outflows-totalling-59-million-last-week","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2290","title":{"rendered":"European crypto investment products recorded outflows totalling $59 million last week"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n <\/p>\n<p>Despite the raging conflict in Eastern Europe, crypto investment products saw inflows totaling $36 million in the week ending February 28, according to the latest report by institutional crypto fund manager CoinShares.<\/p>\n<p>However, the report which analyzes weekly flows into crypto asset funds observed regional variances\u2013while the Americas saw inflows, European investment products recorded outflows.<\/p>\n<h2><strong>Multi-asset investment products continue surpassing Bitcoin with year-to-date inflows<\/strong><\/h2>\n<p>Crypto investment products saw inflows totaling $36 million last week, but regionally speaking those flows were one-sided.<\/p>\n<p>While the Americas, notably Canada and Brazil, saw inflows totaling $95 million last week, European investment products recorded $59 million in outflows.\u00a0<\/p>\n<p>Chart showing weekly crypto-asset flows (CoinShares)<\/p>\n<p>\u201cInterestingly, volumes in Bitcoin crypto exchanges that trade the RUB\/USD pair have seen volumes rise by 121% week-on-week,\u201d CoinShares pointed out in the report.<\/p>\n<p>While $17 million poured into Bitcoin investment products last week, the largest cryptocurrency by market cap entered its 5th consecutive week of inflows totaling $239 million.\u00a0<\/p>\n<p>Meanwhile, Ethereum saw minor inflows totaling $4.2 million.\u00a0<\/p>\n<p>Last week, blockchain equity funds continued to see inflows totaling $8 million, while $14 million poured into multi-asset investment products.<\/p>\n<p>Multi-asset investment products \u201chave been a stalwart this year, with year-to-date inflows surpassing Bitcoin at $83 million,\u201d concluded CoinShares.<\/p>\n<h2><strong>The only altcoin investments product that recorded inflows was Tezos<\/strong><\/h2>\n<p>However, institutional investor interest was less favorable when it comes to altcoin investment products, with most recording outflows last week.\u00a0<\/p>\n<p>According to the report, \u201cSolana and Litecoin were the primary focus of negative investor sentiment.\u201d<\/p>\n<p>While Solana saw outflows totaling $2.6 million, Litecoin investment products followed\u2013recording $0.5 million of outflows.\u00a0<\/p>\n<p>Table showing weekly digital asset fund flows by asset (CoinShares)<\/p>\n<p>However, there was one outlier amongst the alts last week, the report pointed out.<\/p>\n<p>Tezos, also referred to as the first \u201cself-amending\u201d blockchain, surfaced as the only altcoin investment product that recorded inflows, which totaled $4.4 million\u2013accounting for 14% of assets under management (AuM).<\/p>\n<p>Meanwhile, Cardano, Ripple, Polkadot, and Binance investment products all saw minor outflows\u2013totaling $0.3 million, $0.2 million, $0.1 million, and $0.1 million respectively.\u00a0<\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/european-crypto-investment-products-recorded-outflows-totalling-59-million-last-week\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the raging conflict in Eastern Europe, crypto investment products saw inflows totaling $36 million in the week ending February 28, according to the latest report by institutional crypto fund manager CoinShares. However, the report which analyzes weekly flows into crypto asset funds observed regional variances\u2013while the Americas saw inflows, European investment products recorded outflows. 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