CoinShares: Digital asset investment products saw a net outflow of $30 million last week, of which Ethereum saw an outflow of $61 million

CoinShares' latest weekly report shows that digital asset investment products have seen outflows for the third consecutive week, totaling $30 million. Most providers saw small inflows compared to previous weeks, although this was offset by Grayscale's $153 million outflow. Trading volume increased 43% from last week to $6.2 billion, but it is still well below the weekly average of $14.2 billion so far this year. Regionally, the United States saw inflows of $43 million, Brazil and Australia saw inflows of $7.6 million and $3 million, respectively, while Germany, Hong Kong, Canada, and Switzerland saw outflows of $29 million, $23 million, $14 million, and $13 million, respectively. Ethereum saw its largest outflow since August 2022, totaling $61 million, bringing outflows in the last two weeks to $119 million, making it the worst performing asset in terms of net flows so far this year. Additionally, multi-asset and Bitcoin ETPs saw inflows of $18 million and $10 million, respectively.