CoinShares: Last week, net outflows from digital asset investment products reached $1.7 billion, marking five consecutive weeks of net outflows

ChainCatcher news, according to CoinShares' latest weekly report, digital asset investment products have experienced fund outflows for the fifth consecutive week, with a total outflow of $1.7 billion last week, bringing the total outflow during this negative trend to $6.4 billion. This also marks the 17th consecutive day of outflows, setting a record for the longest negative streak since records began in 2015.

The report notes that despite the continued negative market sentiment, year-to-date inflows remain positive at $912 million. After this round of price adjustments and ongoing outflows, total assets under management (AuM) have decreased by $48 billion. Bitcoin saw an additional outflow of $978 million, bringing the total outflow over the past five weeks to $5.4 billion. Ethereum and Solana experienced outflows of $175 million and $2.2 million, respectively.