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CoinShares: Digital Asset Investment Products Outflowed $55 Million Last Week

According to a report from CoinShares, last week saw a total outflow of $55 million from digital asset investment products. Bitcoin had an outflow of $42 million and has seen outflows for almost 17 consecutive weeks as investors short Bitcoin. Ethereum had an outflow of $9 million, while Polygon, Litecoin, and Polkadot had outflows of $900,000, $600,000, and $500,000 respectively. The panic last week led to a 10% decrease in assets under management (AuM), which ended the week at $32.3 billion. The outflows were mainly concentrated in Canada and Germany, with outflows of $36 million and $11 million respectively. Switzerland had an inflow of $3.5 million. Blockchain stocks also suffered from negative sentiment, with outflows of $6 million last week.

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