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Digital assets funds see third week of outflows

April 30, 2024 at 2:30 pm

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Digital asset investment products saw outflows for the third consecutive week last week totalling $435m, marking the largest outflows since March this year, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.

While Grayscale’s outflows continue to decelerate, there has also been a deceleration in inflows to new issuers, which saw only $126m of inflows last week.

A broad range of altcoins saw inflows, with investors choosing multi-coin investment products coupled with regular favourites solana, litecoin, and chainlink.