CoinShares: Digital asset investment products saw a net outflow of $435 million last week

PANews reported on April 29 that according to CoinShares' latest weekly report, digital asset investment products had a net outflow of $435 million last week, the largest outflow since March this year. ETP trading volume fell to $11.8 billion last week, compared with $18 billion the previous week, while the price of Bitcoin fell 6%. Although Grayscale's outflows continued to slow, we also saw a slowdown in inflows from new issuers, with only $126 million inflows last week, compared with $254 million the previous week. Outflows were concentrated only in Bitcoin and Ethereum, at $423 million and $38 million, respectively. Although a variety of altcoins saw inflows, investors chose multi-currency investment products, with inflows of $7 million. Other popular currencies such as Solana, Litecoin, and Chainlink continued to inflow $4 million, $3 million, and $2.8 million, respectively.