CoinShares: $942 Million in Outflows from Digital Asset Investment Products Last Week

CoinShares reports that outflows from digital asset investment products totaled a record $942 million last week, the first outflow after seven consecutive weeks of inflows.

Inflows into the U.S. Bitcoin Spot ETF amounted to $1.1 billion, partially offsetting Grayscale's massive $2 billion outflow last week. The rest of the cottage coin space fared well with net inflows of $16 million, with Polkadot ($5 million), Avalanche ($2.9 million) and Litecoin ($2 million) notable among them.