CoinShares: $446 million flowed out of digital asset investment products last week.
TL;DR
Digital asset investment products experienced a $446 million outflow last week, totaling $3.2 billion since October 10th, reflecting ongoing market caution. US outflows dominated, while Germany saw inflows, and XRP and Solana ETFs attracted consistent investments unlike Bitcoin and Ethereum.
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According to CoinShares' latest Odaily, digital asset products saw an outflow of $446 million last week, bringing the total outflow since October 10th to $3.2 billion, indicating that market sentiment has not yet fully recovered.
The outflows were primarily concentrated in the US, while Germany saw continued inflows, suggesting selective buying during the recent price weakness. The XRP and Solana ETFs have consistently attracted inflows since their launch, a stark contrast to the sustained outflows from Bitcoin and Ethereum during the same period.