The cost of digital assets reached 206 million dollars

Bitcoin halving fears fueled an 11th consecutive week of outflows from blockchain stocks.

According to data compiled by CoinShares, blockchain equities have experienced $9 million in withdrawals as investors worry about halving their exposure to mining companies, which could hurt their profitability and subsequently the value of their investments in those firms.

The last halving saw the mining reward drop to 3.125 BTC. As a result, if mining becomes less profitable, it can lead to a decrease in income and a potential financial struggle for mining operations, which can also affect the share price in those companies.

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Interest in digital asset investments

Digital asset investment products were out for the second week in a row, totaling $206 million. CoinShares has learned that trading volume in ETPs has decreased slightly to $18 billion, which now represents the smallest volume of total Bitcoin volumes. This figure appears to be still on the rise, at 28 percent compared to 55 percent a month ago.

The Singapore Asset Manager report also suggests that interest among ETP/ETF investors is waning, possibly because the Federal Reserve is expected to keep interest rates higher than expected for longer than expected.

As a result, Bitcoin experienced a $192 million outflow, but few investors saw this as an opportunity to short sell. Short positions in Bitcoin saw an outflow of $0.3 million. Ethereum-related products also saw $34 million in outflows for the sixth consecutive week.

A similar trend was observed in Solana-based investment products, which generated $0.3 million per week. On the other hand, multi-asset investments saw an improved sentiment with weekly inflows of $9 million.

Meanwhile, Litecoin and Chainlink earned $3.2 million and $1.7 million, respectively, followed by Polkadot and XRP, which earned $1.5 million and $1.3 million during the same period.

A negative sentiment for the US E.F.S

Regionally, the negative sentiment was mainly felt in US ETFs, which cost $244 million. These outflows were concentrated in active ETFs, while newly issued ETFs continued to see inflows, albeit at lower levels compared to previous weeks. Germany topped the list with $8 million in spending, followed by Sweden last week with $6.7 million.

On the other hand, Canada and Switzerland topped the weekly earnings chart with USD 30 million and USD 8 million respectively. Brazil, Australia, and France experienced the lowest revenue of $5.5 million, $2.2 million, and $0.2 million, respectively.