Meanwhile, short-Bitcoin products enjoyed heavy inflows of $9.9 million. Although this masks broader negative sentiment as the largest inflows were into short investment products.” Source: CoinSharesīitcoin ( BTC) products took the heaviest hit of outflows at $11.7 million.

The already struggling crypto market has been battered by the news this month that FTX, once one of the most popular crypto exchanges, lost billions of dollars of investors’ cash in a highly-publicized crash.įTX was allegedly using client money to make risky investment bets through Alameda Research, a trading firm founded by the exchange’s CEO Sam Bankman-Fried.“Digital asset investment products saw minor outflows totaling US$2m. The CoinShares report added that investors cashed out $6 million in altcoins last week-mostly Solana, XRP, Binance and Polygon.

The report said that assets under management in crypto investment products also hit a two-year low of $22 billion, “suggesting on aggregate sentiment was deeply negative for the asset class.”Īnd it noted that last week more investors than ever before poured money into short-Ethereum investment products-a sum of $14 million.ĬoinShares added that the interest in short products was “likely being a direct result of the ongoing fallout from the FTX collapse.” Our Head of Research shares his latest insights.Īll the data can be found in our weekly report: /7Z7HMf8gi9 1/ What is the crypto market sentiment this week?Ī deeply negative one with the largest inflows into short-investments on record.

Coinshares inflows