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- Digital asset investment products saw outflows for the 2nd consecutive week totalling US$72m in what we believe is a reaction to the likeliness of further interest rate hikes by the US Federal Reserve.
- Bitcoin saw the majority or outflows totalling US$46m last week while short-Bitcoin also saw its largest outflows since December 2022.
- Ethereum also suffered, seeing outflows totalling US$19m last week, its largest week of outflows since the Merge in September 2022.
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