Bitcoin
Bitcoin (BTC)
$63,768.00 -3.70483
Bitcoin price
Ethereum
Ethereum (ETH)
$3,497.09 -2.91926
Ethereum price
BNB
BNB (BNB)
$584.99 -3.25725
BNB price
Solana
Solana (SOL)
$131.83 -5.65998
Solana price
XRP
XRP (XRP)
$0.4926140 -1.54428
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 -4.72422
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000112 -7.19901
Pepe price
Bonk
Bonk (BONK)
$0.0000202 -9.80931
Bonk price
Bitcoin
Bitcoin (BTC)
$63,768.00 -3.70483
Bitcoin price
Ethereum
Ethereum (ETH)
$3,497.09 -2.91926
Ethereum price
BNB
BNB (BNB)
$584.99 -3.25725
BNB price
Solana
Solana (SOL)
$131.83 -5.65998
Solana price
XRP
XRP (XRP)
$0.4926140 -1.54428
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 -4.72422
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000112 -7.19901
Pepe price
Bonk
Bonk (BONK)
$0.0000202 -9.80931
Bonk price
Bitcoin
Bitcoin (BTC)
$63,768.00 -3.70483
Bitcoin price
Ethereum
Ethereum (ETH)
$3,497.09 -2.91926
Ethereum price
BNB
BNB (BNB)
$584.99 -3.25725
BNB price
Solana
Solana (SOL)
$131.83 -5.65998
Solana price
XRP
XRP (XRP)
$0.4926140 -1.54428
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 -4.72422
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000112 -7.19901
Pepe price
Bonk
Bonk (BONK)
$0.0000202 -9.80931
Bonk price
Bitcoin
Bitcoin (BTC)
$63,768.00 -3.70483
Bitcoin price
Ethereum
Ethereum (ETH)
$3,497.09 -2.91926
Ethereum price
BNB
BNB (BNB)
$584.99 -3.25725
BNB price
Solana
Solana (SOL)
$131.83 -5.65998
Solana price
XRP
XRP (XRP)
$0.4926140 -1.54428
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 -4.72422
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000112 -7.19901
Pepe price
Bonk
Bonk (BONK)
$0.0000202 -9.80931
Bonk price
SirWin
SirWin
SirWin

Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows

News
Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows

The European alternative asset manager, CoinShares, reports Ethereum outflows of $4.8 million the previous week, making it the least loved digital asset for ETP investors.

This brings year-to-date outflows at $108 million, or 1.6% of assets under management (AuM) as of the Sept. 11 report.

Continuous outflows

The weekly report highlights that in the last week, digital investment products saw outflows totaling $59 million, marking the fourth consecutive week of outflows. At the same time, inflows were mostly evident in short investment products, suggesting that, as a whole, sentiment is poor for the asset class, despite previous reports suggesting Grayscale Bitcoin ETF optimism was bolstering market sentiment.

Blockchain equities also share in the same negative sentiment, with $10.8 million in outflows this week, in what is the 5th consecutive week of outflows.

Ethereum is the 'least-loved digital asset' this year, CoinShares report shows - 1
Weekly Crypto Outflows | Source: CoinShares

However, while the majority of altcoins saw outflows, with Ethereum (ETH) called “the least loved digital asset amongst ETP investors this year,” and Polygon (MATIC) reporting outflows of $3.2 million, Solana (SOL) saw the opposite, with inflows of $0.7 million for the 9th consecutive week.

That isn’t to say this is a strong enough indicator for a change in sentiment, as trading volumes dropped by 73% in comparison to the previous week, where it now sits at $754 million for the week. This drop is believed to be linked to the uncertainties around asset class regulation and recent dollar strength.

Getting behind FSB recommendations

With digital currency regulation still underway, the latest developments included a Sept. 9 report highlighting that leaders from G20 nations have thrown their weight behind the Financial Stability Board’s recommendations regarding the regulation of crypto. 

The announcement was confirmed by Nirmala Sitharaman, the Indian Finance Minister, at the New Delhi Leaders’ meeting. While the meeting concluded with the resolve to ensure safe virtual ecosystems and inclusivity, a lot of uncertainty about the next steps still persists.