Digital asset investment products saw outflows for the sixth week in a row, with $9 million in the past week. While significantly lower than the previous week, weekly trading volumes remained weak at just $820 million, well below the year-to-date average of $1.3 billion. 💹
According to the latest CoinShares weekly report, Bitcoin saw small outflows for the third week in a row, reaching $6 million. Short-Bitcoin products saw outflows of $2.8 million. 📉
The world's largest altcoin, Ethereum, saw its sixth straight week of outflows, with $2.2 million in outflows. Investors continued to pile into XRP and Solana, with amounts totaling $0.66 million and $0.31 million, respectively. 🚀
Investors were bullish on Europe, putting in a healthy $16 million. Meanwhile, US investors remained wary, pulling out $14 million, possibly due to recent events including regulatory uncertainty and SEC actions against major crypto companies like Binance and Coinbase. 🌍