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Profit taking continues as digital assets funds see $107m in outflows

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Digital assets investment products saw outflows this week totalling $107m as the profit taking seen in recent weeks continued to gather pace, according to the latest Digital Asset Funds Flows Weekly report from CoinShares.

Bitcoin was again the primary focus, with total outflows of $111m, the largest seen since March.

According to CoinShares though, sentiment to altcoins seems to be improving, and helped to offset the outflows seen in both bitcoin and ether. Solana saw the largest inflows, totalling $9.5m.

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