CoinShares: $39 million net outflows from digital assets last week

CoinShares reported net outflows of $39 million from digital assets last week, the sixth consecutive week of outflows, which totaled $272 million (0.8% of total assets under management). Of this, bitcoin investment products saw a net outflow of $11 million last week. Cryptocurrencies also saw outflows last week, with Algorand seeing 65% of its AUM outflows last week ($8 million) and Ether outflows of $5.9 million.