Digital asset investment products saw outflows totalling $54m last week, and have now seen outflows in eight of the last nine weeks totalling $455m, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Bitcoin accounted for 85% of the outflows, at $45m last week, while last week’s short-bitcoin inflows proved to be short-lived, with outflows totaling $3.8m last week.
Ether meanwhile, saw outflows totalling $4.8m last week, despite what CoinSharea describes as “attractive investment fundamentals and high demand for its staking yield”.
