Digital asset investment products saw a fifth consecutive week of outflows last week, totalling $1.7bn, and bringing the total outflows over this negative run to $6.4bn, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Bitcoin saw a further $978m outflows, bringing total outflows over the last five weeks to $5.4bn.
Binance meanwhile, saw almost all its AuM wiped out by a seed investor exit, leaving the firm with just $15m in assets under management.
