Digital Asset Products Record $1.7B Weekly Outflows, YTD Turns to $1B Net Outflow

Digital asset products saw $1.7 billion in net outflows last week, pushing year-to-date flows to a $1 billion net outflow as of Feb. 2, CoinShares data show. The U.S. led outflows with $1.65 billion, while Bitcoin accounted for $1.32 billion. Short Bitcoin and Hype products attracted $14.5 million and $15.5 million in inflows, respectively.