Digital asset investment products saw record weekly outflows totalling $942m, following a record seven-week run of inflows totalling $12.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
New ETF issuers in the US saw $1.1bn of inflows, partially offsetting incumbent Greyscale’s significant $2bn outflows during last week.
The rest of the altcoin space fared well, seeing net inflows of $16m, most notable were polkadot ($5m), avalanche ($2.9m) and litecoin ($2m).
