Digital Asset Fund Inflows Fall to Lowest Level Since October

Bitcoin prices fell 14% during the seven days through April 23, while ether rose 18%..

Apr 26, 2021 at 7:07 p.m. UTC
Updated Sep 14, 2021 at 12:46 p.m. UTC

Inflows to digital asset products declined to $1.3 million during the week ending April 23, down from $233 million the prior week, according to a Monday report from CoinShares, a digital asset investment firm.

The latest figure marks the lowest level of weekly inflows since October 2020.

  • “The low inflows overall mask varied flows among digital assets. Outflows were primarily focused on bitcoin (BTC) with $21 million, being the largest weekly outflow on record," according to CoinShares.
  • However, Ethereum products saw inflows of $34 million last week and $792 million for the year to date.
  • Bitcoin prices fell 14% during the seven days through April 23, while ether (ETH) rose 18%.
  • Trading volumes among investment products remained at a low of 5% of total bitcoin volumes last week, according to CoinShares.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.