Digital asset products see return to outflows
Digital asset products saw minor outflows totaling USD4 million last week in what was the quietest trading week since October 2020, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Minor outflows were seen in bitcoin totalling USD7 million last week while trading volumes in investment products totalled just USD1.58 billion for the week.
In recent weeks there has been a regional divide in bitcoin inflows with North American providers seeing consistent inflows while their European counterparts have continued to see outflows.
Multi-asset investment products were the most popular last week with inflows totalling USD1.2 million.