Digital asset investment products saw outflows for the first time in four weeks lats week totalling $528m amid growing fears of a US recession, ongoing geopolitical concerns and a broader asset sell-off, according to CoinShares.
The company’s latest Digital Assets Fund Flows Weekly Report shows that bitcoin saw outflows totalling $400m, the first following five weeks of inflows.
Ether, meanwhile, saw outflows totalling $146m, bringing the net outflows since the ETF launch in the US to $430m.
