CoinShares: Digital asset investment products outflowed $352 million last week

According to Huobi HTX, CoinShares' latest report shows that the total outflow of funds from digital asset investment products reached US$352 million last week. Trading volume fell by 27% month-on-month, coupled with a small amount of capital outflow, indicating that the market's interest in digital assets has cooled down. Year-to-date (YTD) inflows were $35.2 billion (annual rate), 4.2% higher than last year's $48.5 billion inflows, and from a broader perspective, market sentiment remains strong. The net inflow of Bitcoin was still $524 million last week. Ethereum is the main driver of net outflows this week, with net outflows reaching US$912 million last week, and has been outflows every day in the past 7 trading days, and involving many ETP issuing institutions. Still, inflows remained at a high of $11.2 billion this year.