CoinShares released a report saying that global digital asset investment products saw a net outflow of $30 million last week. However, James Butterfill, head of research at CoinShares, said that outflows have "decreased significantly" recently, and there are signs that the market sentiment for bitcoin is shifting. Due to the fact that most crypto investment product providers saw lower outflows last week compared to the overall net outflows in the previous two weeks, with US products leading the way with a net inflow of $43 million, while funds from Germany, Hong Kong, Canada, and Switzerland saw net outflows totaling $79 million.