Digital asset investment products saw a fourth consecutive week of outflows last week, totalling $173 million.
For the week ending Friday 13 February, the cumulative four-week run of outflows rose to $3.74 billion, according to research from CoinShares.
However, there were significant regional differences in investment flows to digital assets. The US saw $403 million in outflows, while all other regions recorded inflows totalling $230 million.
The majority of the investment came from Germany, which totalled $115 million in inflows, as well as Canada at $46.3 million and Switzerland at $36.8 million.
Bitcoin saw the weakest sentiment, with $133 million in outflows, although short Bitcoin investment products also recorded outflows, now totalling $15.4 million over the past two weeks, a pattern often seen near market lows.
Ethereum also suffered, with $85.1 million in outflows, as did Hyperliquid, which saw $1 million in outflows.
Sentiment remained buoyant for XRP, Solana and Chainlink, which saw inflows of $33.4 million, $31 million and $1.1 million respectively last week.
In a separate statement on the current state of crypto investing, Dovile Silenskyte, director, digital assets research, WisdomTree, said: “Ethereum anchors on depth and institutional maturity, while Solana introduces cyclical, higher-beta income exposure. Income does not eliminate volatility, but it changes the return profile and the investor behaviour around it.”
