‘Post Ethereum Merge Crypto Flows Indicate Continued Caution among Investors’

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The inflow and outflow of investments into digital asset investment products in the past week indicates that investors are still cautious about investing.

This is according to the new flows of digital assets a report issued by digital management company, CoinShares.

According to the company, cryptocurrency-based products recorded a total inflow of $7 million in the past week, marking another week of low activity.

The report noted that this suggests a “continued lack of engagement among investors at present”.

CoinShares explained, “Post Ethereum Merge flows indicate continued caution among investors with 4th week of outflows totaling US$15 million.

“This outflow, although minor, now totals 80 million US dollars. Our research shows that The Merge is off to a good start with high participation among the validators.”

The Ethereum Merge—or the hard fork of the Ethereum blockchain technology from Proof-of-Work to Proof-of-Stake—ended on September 15.

CoinShares reported that Ether, the second largest cryptocurrency, recorded minor outflows at the end of August.

“Very small inflows were seen in Solana, Cardano, XRP, Tezos, Chainlink and Uniswap,” CoinShares added.

The company attributed the small inflows to the decision of most investors to wait for the expected update of the Ethereum network, which was completed last Thursday.

Analysis of the Flows

According to CoinShares, data available as of last Friday shows that digital assets under management were worth US$26.9 billion.

Bitcoin led this pack with $16.6 billion, and was followed by Ethereum with $6.6 billion, and multi-value products at $2.6 billion.

Also, the company’s research shows that Bitcoin recorded total inflows of $17 million last week.

CoinShares noted that the inflow is the first after five weeks of outflows that totaled US$93 million.

In addition, the firm reported that short-Bitcoin recorded minor inflows that totaled US$2.6 million, with assets under management at US$169 million.

“Multi-asset investment products remain buoyant during this bearish period, having seen only a few weeks of outflows this year. Year-to-date inflows now total US$224 million, nearly matching Bitcoin’s total inflows, which means investors are looking safety in numbers,” explained James Butterfill, Head of Research at CoinShares.

The inflow and outflow of investments into digital asset investment products in the past week indicates that investors are still cautious about investing.

This is according to the new flows of digital assets a report issued by digital management company, CoinShares.

According to the company, cryptocurrency-based products recorded a total inflow of $7 million in the past week, marking another week of low activity.

The report noted that this suggests a “continued lack of engagement among investors at present”.

CoinShares explained, “Post Ethereum Merge flows indicate continued caution among investors with 4th week of outflows totaling US$15 million.

“This outflow, although minor, now totals 80 million US dollars. Our research shows that The Merge is off to a good start with high participation among the validators.”

The Ethereum Merge—or the hard fork of the Ethereum blockchain technology from Proof-of-Work to Proof-of-Stake—ended on September 15.

CoinShares reported that Ether, the second largest cryptocurrency, recorded minor outflows at the end of August.

“Very small inflows were seen in Solana, Cardano, XRP, Tezos, Chainlink and Uniswap,” CoinShares added.

The company attributed the small inflows to the decision of most investors to wait for the expected update of the Ethereum network, which was completed last Thursday.

Analysis of the Flows

According to CoinShares, data available as of last Friday shows that digital assets under management were worth US$26.9 billion.

Bitcoin led this pack with $16.6 billion, and was followed by Ethereum with $6.6 billion, and multi-value products at $2.6 billion.

Also, the company’s research shows that Bitcoin recorded total inflows of $17 million last week.

CoinShares noted that the inflow is the first after five weeks of outflows that totaled US$93 million.

In addition, the firm reported that short-Bitcoin recorded minor inflows that totaled US$2.6 million, with assets under management at US$169 million.

“Multi-asset investment products remain buoyant during this bearish period, having seen only a few weeks of outflows this year. Year-to-date inflows now amount to US$224 million, almost matching Bitcoin’s total inflows, meaning investors seeks safety in numbers,” explained James Butterfill, Head of Research at CoinShares.

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