Digital asset investment products saw outflows totalling $39 million, according to the latest Digital Assets Weekly Fund Flows report from CoinShares. Total assets under management (AuM) are now at their lowest point since February 2021, at $36 billion, a 59% from the November 2021 peak.
Bitcoin saw inflows totalling $28 million last week and looks to be benefitting from weak prices with month-to-date inflows at $46 million.
Short-bitcoin AuM peaked to an all-time-high of $64 million at the beginning of last week but saw record outflows totalling $5.8 million suggesting negative sentiment is close to its peak.
