Crypto asset investment products experienced $147 million in net outflows globally, ending a three-week streak of inflows, according to CoinShares.
Major asset managers like BlackRock, Fidelity, and Grayscale were impacted by the outflows, largely led by Bitcoin-based funds.
Bitcoin-based funds saw $159 million in net outflows, while short-Bitcoin investment products attracted $2.8 million in net inflows.
Ethereum-based products recorded net outflows of $28.9 million due to a lack of investor interest, while multi-asset investment products attracted net inflows of $29.4 million.