According to a report by CoinShares, digital asset investment products experienced a seventh consecutive week of net outflows, with a total of $329 million representing 1% of total assets under management. The majority of outflows were from Tron, while Bitcoin and Ethereum experienced minor outflows.

However, the short Bitcoin fund recorded $6.3 million in net outflows, indicating that investors may be short covering. The withdrawals were primarily driven by investors closing short positions and taking profits, rather than a fundamental shift in opinion towards cryptocurrencies.