Digital asset investment funds see negative outflows of $23m

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Negative investor sentiment towards digital asset investment continued last week on the back of the fallout from the collapse of FTX with outflows totalling $23 million, according to the latest data from CoinShares.

The company's latesDigital Asset Fund Flows Weekly report shows that short investment products saw a mixture of inflows and outflows that varied across providers, while long-only investment products predominantly saw outflows.

Ether saw minor outflows totalling $6 million while the large inflows into short products seen the previous week were completely reversed with an outflows of $15.2 million.

Blockchain equities are also suffering from the FTX collapse, seeing $13 million worth of outflows last week.

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