The crypto investment landscape has experienced a notable shift recently, as digital asset investment products saw their first net outflows in 11 weeks. This development was predominantly led by Bitcoin, which had previously enjoyed a consistent inflow into various crypto funds. In a recent report by CoinShares, a leading digital asset management firm, last week marked a break in an 11-week streak of inflows, with a net outflow of $16 million. This change signals a potential reevaluation among investors regarding their positions in digital assets. Related Reading: Bitcoin’s Unshakable Bottom: Analyst Reveals The Price BTC Won’t Drop Below Bitcoin Funds Encounter Turbulence Bitcoin-based funds were at the forefront of this movement, experiencing significant outflows. Last week, these funds experienced a net outflow of $32.8 million, while short Bitcoin investment products also saw a minor outflow of $300,000. Despite this, trading activity for Bitcoin remained robust, grossing $3.6 billion last week, substantially higher than the $1.6 billion yearly average. James Butterfill, Head of Research at CoinShares, analyzed the outflows and suggested that the net flows were primarily driven by the US a ..
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