Digital asset investment products recorded $288 million in net outflows for the week ending February 21, marking the fifth consecutive week of negative crypto fund flows. This brings cumulative outflows over five weeks to $4 billion. While the pace of withdrawals is significant, it remains below the $6 billion lost over the same period last year, suggesting a more measured market adjustment rather than panic selling. Crypto Outflows Show Divergence as US Investors Lead the Retreat Trading volumes also reflected the cooling sentiment, with ETP (Exchange-traded product) volumes falling sharply to $17 billion