CoinShares: Last week, net outflows of digital asset investment products amounted to $21 million

On January 22nd, according to CoinShares' weekly report data, there was a small outflow of funds from digital asset investment products last week, with a total amount of $21 million. However, the trading volume of Bitcoin reached $11.8 billion, which is seven times the average weekly trading volume in 2023 under normal circumstances. In terms of regions, there was an inflow of $263 million into the United States, while Canada and Europe had a combined outflow of $297 million. This indicates that assets have been transferred to the United States in small amounts and that fees in the United States are currently more competitive. Although the trading volume of $11.8 billion accounts for 63% of all trusted exchange Bitcoin transactions, the total outflow of funds for Bitcoin is $25 million, highlighting that ETP activities currently dominate overall trading activity.