Digital asset fund outflows hit weekly record of $255m
14/03/2023 - 11:00am
Digital asset investment products saw outflows for the fifth consecutive week last week, totalling $255 million, the largest single weekly outflows on record representing 1.0% of total AuM, according to the latest Digital Asset Funds Flows Weekly report from CoinShares.
AuM has fallen by 10% over the week, retracing back to levels seen at the beginning of 2023. The outflows have also wiped out all the inflows seen so this year.
Bitcoin was the primary focus, with outflows totalling $244 million last week, while short-bitcoin also saw outflows totalling $1.2 million.