Digital asset investment products saw inflows totaling a lacklustre $2.5 million, with trading volumes falling by 33% compared to the prior week, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Sentiment for bitcoin was fairly supportive, seeing inflows of $8.8 million, while short bitcoin saw outflows of $2.5 million.
CoinSHares says the outflows in ether ($2.8m) and inflows into short-ether ($0.5m) suggest investors remained concerned for the upcoming Shanghai upgrade.