August 16, 2021
Digital assets investment products saw a 6th consecutive week of outflows totalling US$22m, bringing the total 6 week run of outflows to US$115m, according to Coinshares weekly report.
Despite the continued negative sentiment, it comes at a time of low investor participation likely due to seasonal effects as seen in other asset classes.
Bitcoin continues to be the main release valve for investors, with outflows totaling US$22m last week.
Multi-asset investment products, a stalwart during this most recent negative sentiment, saw minor outflows totalling US$0.3m, the first time since June 2020.