Short digital asset investment product inflows represented 75% of total inflows last week suggesting on aggregate sentiment was deeply negative for the asset class, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Total AuM is now at the lowest point in two years at $22 billion.
Bitcoin saw inflows totalling $14 million, but when offset by the inflows into short investment products the net flows were a negative $4.3 million.
Ether saw the largest inflows on record into short-ether investment products totalling US$14m.
A raft of outflows were also seen across altcoins totalling $6 million.
