CoinShares, a digital assets manager, reported that institutional crypto products experienced outflows for the third consecutive week. According to their Digital Asset Fund Flows report, digital asset investment products saw a total of $30 million in outflows last week.
Despite the overall outflows, the US, Brazil, and Australian regions saw inflows of $43 million, $7.6 million, and $3 million respectively. On the other hand, Germany, Hong Kong, Canada, and Switzerland experienced outflows of $29 million, $23 million, $14 million, and $13 million respectively.
Bitcoin, Solana, and Litecoin brought in inflows of $18 million, $10 million, $1.6 million, and $1.4 million, while Ethereum saw its largest outflows since August 2022, totaling $61 million. Chainlink and XRP also had inflows of $0.6 million and $0.3 million respectively.
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