Negative Sentiment Pervades With A Further US$39m Outflows - CoinShares: Fund Flows

• Digital asset investment products saw outflows totalling US$39m, representing the 6th consecutive week of outflows totalling US$272m.
• The focus remains on Bitcoin, with outflows totalling US$11m. The outflows in short-bitcoin also continued with US$11m. This run of outflows is far more dramatic for short-bitcoin though, representing 36% of total AuM.
• Altcoins saw outflows last week, most notable were Algorand which saw 65% of AuM outflow last week, and Ethereum at US$5.9m.

Click here for full details.