Bitcoin leads third consecutive week of digital asset investment product outflows, say CoinShares

Digital asset investment products saw a third consecutive week of outflows totalling USD79 million in what is now the longest bear run in outflows since February 2018.

That's according to the latest Digital Assets Funds Flows weekly report from CoinShares, which also highlights that The focus of outflows continues to be bitcoin which has endured its sixth consecutive week of outflows totalling USD89 million.

Ether saw minor outflows of USD1.9 million during the week, combined with outflows from the previous week now totalling USD14.6 million.

Bucking the trend last week were multi-asset investment products which saw inflows of USD10 million.