Outflows from digital assets investment products capped $110 million in the past week.
About $80 million of the outflows is from North America in reaction to the US Presidential Executive Order.
There was a lot of uncertainty among crypto investment merchants last week with the weekly crypto report indicating massive outflows. About a total of $110 million worth of investment exited crypto offerings in the past week. According to the weekly crypto report submitted by CoinShares, the latest outflows marked the end of the 7-week run of crypto inflows. Specifically, outflows from Bitcoin investment products were $70 million. Incidentally, BTC trading volumes declined in the same week.
Digital assets see huge weekly outflows
Similarly, Ethereum had a huge outflow during the week. The weekly crypto report notes that about $51 million worth of investment left ETH investment products. Other digital assets such as XRP, Polkadot, and Solana recorded a low outflow of $0.7 million, $0.9
