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Digital asset funds see fifth consecutive week of outflows

May 23, 2023 at 10:37 am

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Digital asset investment products saw outflows for the fifth consecutive week last week, with the $32 million withdrawn taking outflows over the period to $232 million, according to the latest Digital Assets Weekly Fund Flows report from CoinShares.

Bitcoin outflows of $33 million represented most of the week's negative sentiment, as they has done over the last five weeks.

Altcoins, with the exception of ether ($1 million outflows), saw inflows, most notable of which were avalanche and litecoin.