TechFlow news, according to CoinShares' latest weekly report, digital asset investment products saw net outflows of $55.4 million last week, with Bitcoin experiencing outflows of $42.3 million, while short-Bitcoin investment products recorded outflows for nearly the 17th consecutive week. Ethereum saw outflows of $9 million, while Polygon, Litecoin, and Polkadot saw outflows of $900,000, $600,000, and $500,000 respectively.
Last week's panic caused total assets under management (AUM) to drop by 10%, closing at $32.3 billion by the weekend. Outflows were primarily concentrated in Canada and Germany, amounting to $36 million and $11 million respectively, while Switzerland saw inflows of $3.5 million. Blockchain equities also failed to escape negative sentiment, recording outflows of $6 million last week.
