Digital asset investment products saw $795m in outflows last week, marking a third consecutive week of declines and bringing total outflows since early February to US$7.2bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
The current run of out flows has now almost totally erased YTD inflows.
Bitcoin led the outflows with $751m, despite maintaining YTD inflows of $545m, while ether followed with$37.6m in outflows.
Select altcoins bucked the trend, with XRP leading inflows at $3.5m, followed by smaller gains in ondo, algorand, and avalanche.
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