CoinShares: Net outflow of $2 billion from digital asset investment products last week

According to Mars Finance, CoinShares released its latest weekly report on November 17th, stating that last week, digital asset trading platforms (ETPs) experienced a $2 billion outflow, primarily due to monetary policy uncertainty and whale selling in the crypto space. The US accounted for 97% of the outflow ($1.97 billion), while Germany bucked the trend with an inflow of $13.2 million amidst generally negative global sentiment. Bitcoin and Ethereum led the decline, with outflows of $1.38 billion and $689 million respectively, while investors shifted towards multi-asset ETPs (with an inflow of $69 million) and increased their short positions in Bitcoin.