Digital asset funds see $2B outflow, largest since February

Digital asset investment products experienced their largest weekly net outflow since February, with a total of $2 billion withdrawn last week, according to a report from CoinShares. The United States accounted for the vast majority of these outflows, totaling $1.97 billion. By asset, Bitcoin investment products saw $1.38 billion in outflows, while Ethereum products recorded $689 million in withdrawals. CoinShares attributed the significant outflow to a combination of uncertainty surrounding monetary policy and broader selling pressure from cryptocurrency investors. Amid recent price declines, total assets under management (AUM) in digital asset exchange-traded products (ETPs) have fallen by 27% to $191 billion from a peak of $264 billion in early October.