Digital asset funds see $173M net outflow for 4th straight week

Digital asset investment products saw a total net outflow of $173 million last week, marking the fourth consecutive week of outflows, according to a weekly fund flow report from CoinShares. While the U.S. experienced outflows of $403 million, Europe and Canada saw combined inflows of $230 million, led by Germany ($115 million), Canada ($46.3 million), and Switzerland ($36.8 million). By asset, Bitcoin products recorded $133 million in outflows, and Ethereum products saw $85.1 million exit. However, CoinShares noted that short-BTC products also saw outflows totaling $15.4 million over the past two weeks, a pattern often observed near market bottoms. Meanwhile, products for XRP, SOL, and LINK registered net inflows. Total trading volume for these products plummeted to $27 billion from $63 billion the previous week, suggesting that market participants have adopted a wait-and-see approach.