Digital Asset Investment Products See $1.67 Billion Outflow in Late May
From May 25 to 29, digital asset investment products saw $1.67 billion in outflows, marking the third consecutive week of negative flows, according to CoinShares.
Investment products based on digital assets recorded net outflows of $1.67 billion during the week of May 25–29, according to a CoinShares report cited by the source. This marks the third straight week of negative flows, signaling sustained selling pressure.
The persistent outflows are attributed to a reassessment of strategies by asset managers, though no specific reasons were elaborated. The trend adds to a broader pullback in crypto-related investment vehicles observed over the past few weeks.
Source: ForkLog