- U.S. led digital asset outflows, contributing $1.16 billion, 93% of total losses.
- Bitcoin saw $5.4B in outflows over five weeks, marking significant market challenges.
- XRP recorded $1.8 million in inflows, bucking the trend amid broader crypto declines.
Digital asset investment products have seen a downturn, with a total of $6.4 billion leaving the market during a tough period. This trend has continued for the fifth week in a row, bringing the total outflows for this period to $1.7 billion, which is the longest losing streak since 2015.
Despite the ongoing negative sentiment, inflows for the year are still positive at $912 million. However, these recurring outflows have caused total assets under management (AuM) to drop by $48 billion, showing just how volatile the market is.
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