The latest weekly report released by CoinShares shows that digital asset investment products had a net outflow of US$72.1 million in the week ending April 28, which was the second consecutive week of net outflow.
Analysts believe this is a reaction from investors to the possibility of further rate hikes. Bitcoin investment products had the largest outflows, totaling $45.5 million. Ethereum investment products experienced their largest weekly outflows since The Merge in September, with investors withdrawing $19.2 million. Solana, Algorand, and Polygon investment products saw small inflows last week.
