Digital asset investment products saw outflows totalling a weekly record of USD207 million last week, according to the latest Digital Assets Fund Flows Weekly report from Coin Shares.
This follows the outflows that began mid-December with the four-week run now totalling USD465 million.
Bitcoin saw outflows totalling USD107 million last week in CoinShares believes was a direct response to the FOMC minutes which revealed the US Federal Reserve’s concerns for rising inflation.
Ethereum saw outflows totalling USD39 million last week, bringing the five-week run of outflows to USD200 million.
Blockchain equities investment products did not escape the negative sentiment with outflows totalling USD10 million over the week.
