Digital asset investment products saw their fourth consecutive week of outflows, totalling $876m, bringing total outflows over this negative spell to $4.75bn, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Regionally, US investors were the most bearish pulling out $922m, while most other regions saw this as a buying opportunity.
Bitcoin was the primary focus, seeing $756m in outflows last week, although short-bitcoin also saw outflows of $19.8m suggesting investors are close to capitulation.
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