Digital assets investments products notch up fourth consecutive week of outflows

Digital asset investment products saw a fourth consecutive week of outflows totaling USD44 million, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.

This latest outflow total, on a relative basis, remains small in comparison to the negative sentiment in early 2018 where outflows as a percentage of AuM totalled 4.9 per cent.

This week most of the negative sentiment was focused on ether where net outflows totalled USD50m, the largest on record.

Multi-digital asset investment products meanwhile, continued to buck the negative trend with outflows of USD6 million last week.