After seven weeks of inflows last week, investment products recorded significant outflows last week, according to the latest report by institutional coin fund manager CoinShares.
The report, which analyzes weekly flows into cryptocurrencies funds, shows regulatory concerns and geopolitical turmoil have eroded investor interest in both the Americas and Europe.
There are 80 million dollars of outflows from North America.
The report said that 80 million of the outflows from North America could be interpreted as a response to the US Presidential Executive Order to analyze the sector of criptocurrencies beginning at the beginning of last week.
The institutional fund manager noted that regulatory concerns and geopolitical unrest played a role in corroding the interest in cryptocurrencies in the week ending March 11, as there has been little price response and that outflows of $30 million were also seen in Europe.
The report noted that there were $70 million in outflows of digital currency last week because of low volumes.
The largest outflows from ether investment products last week totaled $51 million on a relative basis.
The report pointed out that the ethereum outflow volumes represent 1.2% of assets under management AuM.
Investment products flows of altcoin were mixed last week.
XRP, Solana, and Polkadot all had minor outflows totaling $0.3 million, $0.7 million, and $0.9 million, according to a study of individual asset funds.
The investment products of Cardano and Litecoin saw minor inflows of $0.2 million at the same time.
Multi-asset investment products saw inflows of $12 million, while blockchain equity investment products attracted $4.1 million.
According to CoinShares, both multi-asset and blockchain equity investment products are the most popular among investors with inflow volumes of 3.2% and 6.7% of AuM respectively.