Digital asset investment products saw outflows for the fifth consecutive week as a total of $54 million was withdrawn from various funds amid a drop in sentiment.
- Digital asset investment products continued to see outflows for the fifth consecutive week as a total of $54 million was withdrawn from various products during the week ending September 15, indicating that institutional interest in cryptocurrencies remains subdued amid broader economic concerns.
According to James Butterfill, head of research at CoinShares, “Blockchain equities also saw its 6th consecutive week of outflows, totaling US$9.6m last week.”Bitcoin remains the main focus of outflows as $45 million was pulled from these products last week, representing 85% of the total outflows. Short-Bitcoin products also saw a total of $3.8 million in outflows, indicating that interest in participating in either side of the market is waning.
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