Digital asset investment products based on the world’s biggest cryptocurrency, bitcoin, witnessed the second straight week of sell-off with net outflows totaling $10.4 million last week. On the other hand, ether-based investment products and funds saw third consecutive week of inflows with last week’s net inflows at $11.7 million. Overall, digital asset investment products saw another quiet week with minimal net inflows totalling $2.9 million last week, according to data from digital asset manager CoinShares. US-based Grayscale Investments LLC, remained the biggest digital asset manager with assets under management (AUM) at $27.7 billion, followed by CoinShares at $3.01 billion. The digital asset is more than 50% lower than its all-time high of $64,804.72, which was hit on 14 April 2021.

Source: Mint July 20, 2021 09:11 UTC