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Digital asset funds see sixth week of outflows

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Digital asset investment products saw outflows for the sixth consecutive week last week with investors pulling $9m in total, according to a the latest Digital Asset Fund Flows Weekly Report from CoinShares.

A divergence in sentiment from a regional perspective was evident this week, with inflows in Europe totalling $16m, perhaps due to investors regarding recent regulatory disappointment as an opportunity. In the US meanwhile, investors withdrew some $14m.

According to CoinShares, investors are becoming more discerning in the altcoin space with continued inflows into XRP and Solana totalling $0.66m and $0.31m respectively.

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