Digital asset investment products saw outflows totalling $88 million last week, bringing this current eight-week negative run to $417 million, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.

CoinShres says the continued outflows are likely related to monetary policy, with that fact that there is currently no clear end in sight to interest rate rises leading to caution among investors. 

Ether saw outflows of $36 million, the largest single week of outflows since the Merge. Altcoins meanwhile, have seen inflows year-to-date, in stark contrast to both bitcoin and ether.