According to CoinShares analysts, fund outflows from crypto-based investment products between September 2 and 8 amounted to $59 million, up from $11.2 million the previous week.
According to them, over the past four weeks, investors have withdrawn $294 million, 0.9% of assets under management.
Since the beginning of 2023, net inflows of $104 million have been sustained, whereas trading volumes are down 73% to $754 million.
Analysts at CoinShares believe the rise in negative sentiment is due to continued concerns over regulation of digital assets and the strengthening dollar.
Bitcoin funds have recorded an outflow of $69 million after an inflow of $3.8 million in the previous reporting period.
In particular, structures that allow opening short positions on BTC have attracted a record $15 million since March 2023 (a week earlier, investors withdrew $3.3 million).