CoinShares: Total outflows from digital asset investment products reached $435 million last week

According to CoinShares' weekly report, digital asset investment products saw outflows for the third consecutive week last week, with a total outflow of $435 million, the largest since March this year. ETP trading volume dropped to $11.8 billion last week, compared to $18 billion the previous week, while bitcoin prices fell by 6%. The outflow of funds was only concentrated in bitcoin and ethereum, at $423 million and $38 million, respectively. Although multiple altcoins saw inflows, investors chose multi-currency investment products, with inflows of $7 million. Other popular currencies such as Solana, Litecoin, and Chainlink saw inflows of $4 million, $3 million, and $2.8 million, respectively.