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Digital asset funds see outflows as US Fed maintains hawkish stance

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Digital asset investment products saw outflows totalling $30 million last week, with outflows seen across most asset types, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.

Digital asset investment products saw outflows totalling $30 million last week, with outflows seen across most asset types, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.

The broad negative sentiment was likely to due to ongoing uncertainties surrounding businesses linked to FTX and continued hawkish rhetoric from the US Federal Reserve.

Bitcoin saw outflows totalling $17.5 million, while short-bitcoin investment products saw minor inflows totalling $1.1 million.

Ether has now seen its fifth consecutive week of outflows with $9.1 million being withdrawn last week.

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