Digital asset fund outflows at highest level since late December

Digital asset investment products saw outflows totalling $32 million last week, the largest total since late December 2022, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. 

Mid-way through last week the outflows were much higher at $62 million, but sentiment improved by Friday.

Bitcoin bore the brunt of the negative sentiment, seeing nearly $25 million of outflows, while short-bitcoin investment products saw inflows of $3.7 million.

Blockchain equities saw inflows totalling $9.6 million last week and have now seen six consecutive weeks of inflows.