CoinShares: Digital asset investment products flowed into $308 million last week

According to the latest weekly report from CoinShares, digital asset investment products continued to flow in last week, totaling $308 million. While the largest single-day outflow totaled $576 million on December 19, the total outflow in the last two days of last week was $1 billion. The recent price correction caused the total assets under management (AuM) of digital asset ETPs to decrease by $17.70 billion, likely in response to the hawkish dot chart released by the FOMC on Wednesday.
Bitcoin still recorded net inflows this week, totaling $375 million, while short bitcoin investors saw less activity. Ethereum saw $51 million in inflows, while Solana saw $8.70 million in outflows. The largest outflows were multi-asset investment products, which saw $121 million last week. However, many counterfeit products are still flowing in, such as XRP ($8.80 million), Horizen ($4.80 million) and Polkadot ($1.90 million), indicating that investors are more inclined to take a more selective approach.