Digital asset funds see $454M in weekly net outflows

Digital asset investment products saw net outflows of $454 million last week, marking a return to negative flows after just one week, according to a CoinShares report. Bitcoin investment products accounted for $404.7 million of the outflows, while Ethereum products saw $11.61 million exit. CoinShares noted that the U.S. led the withdrawals with $569 million in net outflows. In contrast, Germany, Canada, and Switzerland recorded inflows of $58.9 million, $24.5 million, and $21 million, respectively.