According to the latest weekly report from CoinShares, digital asset investment products saw a total outflow of $508 million last week, bringing the total outflow over the past two weeks to $924 million.

Looking at the regional breakdown, the outflows were mainly concentrated in the US, with $560 million in outflows, but this negative sentiment was not reflected in Europe, which continued to see healthy inflows, particularly in Germany and Switzerland, with $30.5 million and $15.8 million respectively.