Digital assets investment products saw outflows of $415m last week snapping a 19-week post US election inflow streak that amassed $29.4bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
The outflows came amid hawkish rhetoric from the US Federal Reserve and the latest US inflation data when exceeded expectations.
Bitcoin, highly sensitive to interest rate expectations, bore the brunt of investor outflows, totalling $430m.
