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Digital asset funds see outflows of $10m

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Digital asset investment products saw outflows totalling $9.7 million last week, highlighting continued mild negative sentiment that has persisted for the last three weeks, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.

Bitcoin saw minor outflows, totalling $6.5 million for the third week in a row implying sentiment at the beginning of 2023 remains negative. Over the same period short-bitcoin investment products saw minor inflows of $1.2 million.

XRP, meanwhile, bucked the trend with inflows totalling $3 million representing 9% of total AuM which CoinShres believes comes on the back of an improvement in clarity of its ongoing legal case with the SEC.

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