Digital assets funds see fourth week of outflows
07/03/2023 - 11:20am
Digital assets investment products saw minor outflows totalling $17 million last week, marking the fourth consecutive week of negative sentiment, according to the latest Digital Asset Funds Flows Weekly report from CoinShares.
Bitcoin remains the focus, with outflows for the fourth consecutive week totalling $20 million, while short-bitcoin saw inflows for a third week totalling $1.8 million.
According to CoinShares, the poor sentiment likely represents continued investor concerns over regulatory uncertainty for the asset class.