Digital asset funds see $288M in outflows last week

Digital asset investment products saw total net outflows of $288 million last week, marking the fifth consecutive week of outflows, CoinShares reported in its weekly fund flows report. The United States saw outflows of $347 million, while Europe and Canada recorded inflows of $59 million. By asset, Bitcoin products experienced $215 million in net outflows and Ethereum products saw $36.5 million in outflows. However, products for shorting BTC attracted inflows of $5.5 million. Total trading volume for these products was $17 billion, the lowest level since July of last year.