Digital asset investment products saw outflows totalling $62 million last week, marking the seventh week of outflows which now total a combined $329 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Tron, the smart contracting platform, was the primary focus, seeing outflows totalling $51 million last week.
According to CoinShares, recent outflows are the result of investors taking profits and exiting short positions rather than representing a structural downshift in sentiment for bitcoin.
