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Digital assets funds end six-weeks of inflows with $30m outflows

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Digital asset investment products saw outflows totalling $30 million last week, bringing to an end a six-week run of inflows, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.

The outflows began on 14 April when bitcoin passed the ‘psychological threshold’ of $30,000, suggesting the most recent sell-off was a result of profit-taking, particularly in the absence of any macroeconomic triggers.

Ether, meanwhile saw inflows totalling $17 million last week, suggesting there is increasing confidence amongst investors following the implementation of the Shapella.

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