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Digital Asset Investment Products See $5 Million in Outflows Amid Market Apathy

European investment firm CoinShares reports a significant decline in digital asset investment product volumes, marking the lowest since October 2020.
Published on 2022-10-24

Digital Asset Investment Products See $5 Million in Outflows Amid Market Apathy

European cryptocurrency investment firm CoinShares has released its latest "Digital Asset Fund Flows Report," revealing a notable decline in investor activity. During the week of October 24, digital asset investment products experienced cumulative outflows totaling $5 million. This marks a continuation of what CoinShares describes as an "apathetic period" that began in September 2022.

Investment Volumes Hit Lowest Since 2020

The report highlights a significant drop in investment volumes, which fell to $758 million for the week. This figure represents the lowest level since October 2020, underscoring a stark contrast from the weekly average of $7 billion observed during the crypto market uptrend last year. The data suggests a persistent lack of investor enthusiasm, contributing to the sluggish performance of digital asset products.

Market Sentiment Remains Subdued

The ongoing "apathetic period" identified by CoinShares reflects broader market sentiment, with investors appearing cautious amid uncertain conditions. The decline in both inflows and volumes indicates a challenging environment for digital asset investment products, as the market continues to navigate through periods of low engagement and reduced activity.

This report provides valuable insights into the current state of digital asset investments, highlighting the need for investors to stay informed about market trends and sentiment shifts.

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