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CoinShares: Digital Asset Investment Products See First Net Outflow in 15 Weeks, Bitcoin Outflows $404 Million in the Week
Summary: According to reports from CoinShares, digital asset investment products experienced a net outflow of $223 million in the past week, marking the first negative value in 15 weeks. Despite an initial inflow of $883 million at the beginning of the week, the flow of funds reversed later due to hawkish signals from the Federal Reserve ...
According to reports from CoinShares, digital asset investment products experienced a net outflow of $223 million in the past week, marking the first negative value in 15 weeks. Despite an initial inflow of $883 million at the beginning of the week, the flow of funds reversed later due to hawkish signals from the Federal Reserve and strong US economic data, with a single-day outflow exceeding $1 billion on Friday. Bitcoin led the decline, with outflows of $404 million during the week, but its year-to-date net inflow remains at $20 billion, reflecting its high sensitivity to monetary policy changes. Ethereum, on the other hand, recorded net inflows for 15 consecutive weeks, totaling $133 million. Other assets such as XRP ($31.2 million), Solana ($8.8 million), and SEI ($5.8 million) also performed well, while Aave and Sui saw minor inflows of $1.2 million and $800,000 respectively.
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Link: CoinShares: Digital Asset Investment Products See First Net Outflow in 15 Weeks, Bitcoin Outflows $404 Million in the Week [Copy]
