Crypto investment products experienced their fourth week of outflows in early March, and investors are concerned, according to CoinShares, the European cryptocurrency investment firm.
CoinShares’ Digital Asset Fund Flows Report indicated that outflows totaled $17 million. Negative sentiment, it claimed, was focused on Bitcoin, which had market volumes 15% lower than usual, averaging $57 billion. The trends varied according to location, the report noted, with inflows of $7.6 million in the U.S. and outflows of $23 million in Europe. Other crypto assets, including Ether and Solana’s SOL, experienced minor inflows.
Investors remain enthusiastic about digital asset technology, CoinShares said, but are worried about the uncertain regulatory environment in which they exist. Until governments around the world figure out how to regulate this burgeoning asset class, investors are playing it safe, the report indicated.