CoinShares, a digital assets manager, has reported that institutional crypto products experienced outflows for the third consecutive week, according to its latest Digital Asset Fund Flows report. The report states that digital asset investment products saw a total of $30 million in outflows last week. However, there was a significant decrease in outflows compared to previous weeks, as most providers witnessed minor inflows. The exception was Grayscale, which saw outflows of $153 million. Despite the overall outflows, the US, Brazil, and Australia saw inflows of $43 million, $7.6 million, and $3 million, respectively. On the other hand, Germany, Hong Kong, Canada, and Switzerland experienced outflows of $29 million, $23 million, $14 million, and $13 million, respectively. Bitcoin, Solana, and Litecoin attracted inflows of $18 million, $10 million, $1.6 million, and $1.4 million, respectively, while Ethereum had one of its worst weeks in years with outflows totaling $61 million. Chainlink and XRP brought in inflows of $0.6 million and $0.3 million, respectively.
