CoinShares analysts has reported that from August 26 to September 1, the outflow of funds from cryptocurrency investment products fell from $168M (the maximum since March 2023) to $11.2M.
Trading volumes increased to $2.8 billion, while a net inflow of $165 million had remained since the beginning of the year. There was an outflow of $149 million from Bitcoin funds the week before, at which point the inflow resumed with investors increasing positions in the product by $3.8 million.
Clients have taken away $3.3 million from structures that allow opening shorts on the first cryptocurrency in the last 19 weeks, reducing AUM by 48%.
Ethereum funds suffered an outflow of $3.2 million while, on the opposite side, Polygon funds were sold for $8.6 million and the Solana fund received $0.7 million, showing an increase for nine weeks in a row.