CoinShares: Net inflows of $6 million in digital asset investment products last week

Inflows into digital asset investment products totaled $6 million last week, according to CoinShares' latest weekly report. While inflows were low at the start of the week, stronger-than-expected U.S. retail sales data in mid-week could trigger outflows of $146 million.
Regionally, the US continued to see outflows, totalling $71 million last week. In contrast, sentiment was more positive in Europe and Canada, with Switzerland, Germany and Canada seeing inflows of $43.70 million, $22.30 million and $9.40 million respectively.
The biggest outflow this week was in bitcoin, which ended the week with just $6 million. Bitcoin short investment products also saw outflows of $1.20 million, for the seventh consecutive week, totaling $36 million and accounting for 40% of its total assets under management. Ethereum continued to be sluggish, with net outflows of $26.70 million last week. Over the past eight weeks, total outflows have reached $772 million. Nonetheless, Ethereum is still in second place for net inflows so far this year at $215 million.