Digital asset funds see $446M net outflow last week

Digital asset investment products experienced a net outflow of $446 million last week, according to a weekly fund flow report from CoinShares. The firm noted that cumulative net outflows since Oct. 10 have reached $3.2 billion. Bitcoin investment products saw $443 million in net outflows, while Ethereum products recorded outflows of $59.3 million. Year-to-date, cumulative net inflows stand at $46.3 billion, a level similar to last year's $48.7 billion. However, CoinShares explained that total assets under management have risen by only 10% over the same period, suggesting that when actual fund flows are considered, investors have not realized profits.