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Digital asset funds end 11-week run of inflows

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Global digital asset investment products saw minor outflows totalling $16m last week, bringing to an end an 11-week run of inflows, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.

Trading activity remained well above the year average though, totalling $3.6bn for the week.

Mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment towards the asset class.

Altcoins bucked the trend, seeing $21m of inflows, with the main beneficiaries being Solana, Cardano, XRP and Chainlink.

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