Outflows from digital asset investment products from 26 November to 2 December slowed from $23 million a week earlier to $7.5 million, according to CoinShares.
“Trading volume stood at $753 million, compared with the $2 billion average a year ago. This indicates low investor engagement,” the analysts noted.
Adjusted for bearish bitcoin-funds, inflows reached $3.6 million.
Out of structures enabling short exposure to the first cryptocurrency, $11.1 million flowed out (in the previous reporting period inflows totaled $9.2 million).
Traditional bitcoin funds posted inflows of $10.8 million versus outflows of $10.1 million a week earlier.
From Ethereum funds, $4 million were withdrawn versus $6 million a week earlier.
In altcoins (excluding Ethereum) there was mixed dynamics. Basket-based products showed outflows of $2.1 million.
As Glassnode noted waning hodlers’ confidence after the collapse of FTX.
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