Investor apprehensions regarding the impact of Bitcoin halving have contributed to the 11th consecutive week of outflows from blockchain equities. The reduction in mining rewards to 3.125 BTC has raised concerns about profitability, prompting withdrawals amounting to $9 million from blockchain equities.

This ongoing trend highlights worries about diminishing revenues and financial pressures on mining operations, potentially impacting stock values.

In the realm of digital asset investments, the second week witnessed outflows totaling $206 million, particularly in ETPs and ETFs. Data from CoinShares indicates a decline in trading volumes, signaling waning investor interest amidst expectations of prolonged high interest rates set by the Federal Reserve.

Bitcoin experienced outflows of $192 million, although there was limited activity in short-selling. Ethereum products also faced outflows, marking a six-week decline streak.

Conversely, multi-asset investments attracted \(9 million in weekly inflows, with Litecoin and Chainlink securing \)3.2 million and \(1.7 million, respectively. However, negative sentiment affected US ETFs, with outflows totaling \)244 million, primarily in required ETFs.

Canada and Switzerland observed significant inflows of \(30 million and \)8 million, respectively, while Germany reported minor outflows of $8 million.

Also read: Bitcoin Bull Run Predicted: $110,000 by August?