Digital asset investment products saw outflows totalling $55m last week, as investors reacted to media reports that an SEC decision on allowing US spot-based ETFs is not imminent, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Bitcoin saw outflows totalling $42m, reversing the inflows seen the prior week, while short-bitcoin saw outflows for almost the 17th consecutive week.
Ether meanwhile, saw outflows of $9m, while polygon, litecoin and polkadot also saw outflows of $0.9m, $0.6m and $0.5m respectively.
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