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Digital asset funds see $455m outflows in nine weeks

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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”.

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