Coinshares reports fourth consecutive week of digital asset investment product outflows
Quick Take
- Bitcoin continues to see the greatest outflows, while shorts on the cryptocurrency are seeing inflows.
Coinshares reported a fourth consecutive week of digital asset investment product outflows.
Outflows totaled $17 million last week ,with bitcoin leading the way. Short-bitcoin saw inflows for a third week, this time totaling $1.8 million.
The poor sentiment likely represents continued investor concerns over regulatory uncertainty for the asset class, the firm said.
The price of bitcoin is down more than 7% over the past two weeks.
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