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Last week, digital asset investment products saw a net outflow of $360 million, with Bitcoin witnessing an outflow of $946 million.
BlockBeats News, November 3rd, according to the latest weekly report from CoinShares, digital asset investment products saw a total of $360 million in net outflows last week, mainly due to investors interpreting Federal Reserve Chairman Powell's comments on a potential rate cut in December as a hawkish stance, leading to market uncertainty.
The United States led this fund outflow, with a net outflow of $439 million, while Germany and Switzerland saw small net inflows of $32 million and $30.8 million, respectively, partially offsetting the outflows from the United States.
Bitcoin outflows reached $946 million. In contrast, Solana attracted a net inflow of $421 million, marking the second-highest historical record, with funds mainly flowing into the newly launched U.S. ETF, bringing its year-to-date net inflows to $3.3 billion. Ethereum also saw a net inflow of $57.6 million.
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