Digital Asset Funds Suffered Outflows of $600M Last Week
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18 June

CoinShares has reported $621 million worth of outflows from Bitcoin investment products last week due to mixed economic signals from the US.

Overall, digital asset investment products saw outflows of $600 million, driven primarily by losses in Bitcoin, the most since March 22. Of these products, Grayscale's GBTC saw the most outflows, with $273 million.

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However, CoinShares noted that there were smaller inflows for several altcoins such as ETH, LIDO and XRP.

This coincides with the release of US inflation data for May, which showed a flat consumer price index (CPI) for the month, beating expectations.

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