Crypto Blog
Digital asset investment products experienced outflows for the fourth consecutive week, amounting to $251 million. The past week marked the first “measurable outflows” from newly issued ETFs in the US, totaling $156 million last week.
Meanwhile, Ethereum broke its seven-week spell of outflows, attracting $30 million in inflows last week.Notably, investment products designed to provide exposure to Avalanche, Cardano, and Polkadot, received $0.5 million, $0.4 million, and $0.3 million respectively. Regionally, outflows were mainly concentrated in the United States which recorded $504 million. Sweden also witnessed $30.3 million outflows.
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