Digital asset investments see $528M outflow, ending 4-week inflow streak

CoinShares' latest weekly fund flow report reveals that digital asset investment products experienced a net outflow of approximately $528 million last week, breaking a four-week run of net inflows. Bitcoin investment products saw a significant outflow of $400 million, ending a five-week inflow streak, while Ethereum products recorded an outflow of $146 million. Regionally, the U.S. led the outflows with $531 million. Germany and Hong Kong also experienced outflows of $11.6 million and $27.4 million, respectively. In contrast, Canada and Switzerland saw inflows of $17.1 million and $27.8 million, respectively. The report attributed the widespread market sell-off to concerns over a potential U.S. recession and increasing geopolitical tensions in the Middle East. It noted that the cryptocurrency market, including Bitcoin, has not been spared from these global trends.