Crypto Fund Outflows Reach $417M Over 8 Weeks as Investor Caution Persists.

According to CoinShares, a digital asset investment firm, there were significant outflows from digital asset investment products last week. Here are the most important points to know:

1. Outflows amounted to $88 million: This means that investors withdrew a total of $88 million from digital asset investment products, such as exchange-traded funds (ETFs) and other investment vehicles.

2. Bitcoin saw the largest outflows: Of the $88 million, $89 million was withdrawn from Bitcoin investment products, while other digital assets saw inflows.

3. This is the third consecutive week of outflows: CoinShares notes that this is the third week in a row that digital asset investment products have seen outflows. However, the firm also notes that the outflows are still relatively small compared to the inflows seen earlier this year.

In summary, CoinShares reports that there were significant outflows from digital asset investment products last week, with Bitcoin seeing the largest outflows. While this is the third week in a row of outflows, they are still relatively small compared to earlier inflows.