Digital asset investment products saw a $6.5 million weekly outflow, bucking a trend that saw $742 million pour in over the prior four weeks.
in its legal battle with the Securities and Exchange Commission, XRP products saw another $2.6 million in inflows over the last week, now accounting for 8% of current assets under management at providers such as Grayscale, Bitwise and ProShares. Solana, Uniswap and Polygon also attracted minor inflows.Short bitcoin investment products continued a 13-week outflow streak with $5.5 million in outflows last week.
Trading volumes fell below the weekly average to $1.2 billion, compared to $2.4 billion the week before. Regionally, the North American market was the primary contributor to overall outflows, accounting for nearly 99% . However, this was partially offset by $12 million of inflows into Switzerland and $1.9 million into Germany.
The overall reversal in flows comes as bitcoin dropped to its lowest level in a month today, currently trading at
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