According to CoinShares, inflows into Bitcoin products are up for the 2nd week in a row, at $100 million. ETH is experiencing an opposite trend.
Price declines are synonymous with capital losses, but they can also rhyme with buying opportunities. And it is this scenario that some investors seem to favor.
According to the CoinShares weekly report, net capital inflows, inflows, into digital asset investment products reached $100 million the previous week.
9 weeks of decline for Ethereum
Seven days ago already, this balance was positive, measured CoinShares. And the main contributor is Bitcoin, despite a lower price. Or precisely, thanks to this price so far from its ATH.
Over a week, investors poured $126 million into BTC products. This injection of capital brings the balance since the beginning of the year to $506 million.
Ethereum is not experiencing a comparable trend. Investors continue to divest from these digital asset products. For the 9th week in a row, ETH products show net outflows.
In the past week, that amount is around $32 million. So, in 2022, ETH products lost $357.4 million. The value of assets under management in these products is now approaching $8.6 billion.
Pessimism of European investors
For Bitcoin, this amount is $26.7 billion. Aside from BTC, only multi-asset products show truly significant activity. Investors put $4.3 million into it.
Regionally, flows came mainly from the Americas, totaling $88 million, while European flows only reached $11 million,” CoinShares finds.
The gap is also significant year-to-date, “suggesting that European investors have been much more bearish this year.”
