- Digital asset investment products saw their second week of minor outflows last week as a total of $21 million flowed out of various funds, with the bulk of redemptions occurring with Bitcoin-related products.
“This was reflected in the broader Bitcoin market, which saw a total of US$16bn traded last week on trusted exchanges, compared to the weekly average this year of US$52bn,” said James Butterfill, head of research at CoinShares. “At the half-year mark, digital assets have seen just under US$0.5bn of inflows.”Out of the $21 million worth of outflows, “93% were from long-Bitcoin investment products, while short-Bitcoin saw its 14th consecutive week of outflows totaling $3.
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