Digital asset funds see $187M in outflows, marking third straight week

Digital asset investment products saw net outflows totaling $187 million last week, marking the third consecutive week of withdrawals, according to the latest weekly report from CoinShares. While Bitcoin investment products experienced $264 million in outflows, funds for XRP, SOL, and ETH recorded net inflows. CoinShares noted that although outflows have persisted, their pace has slowed sharply compared to the previous week. The firm suggested that the reduced speed of withdrawals, despite downward price pressure, could signal an inflection point in investor sentiment and a potential market bottom. The recent outflows have brought the total assets under management for all digital asset investment products down to $129.8 billion, the lowest level since March of last year.