CoinShares: $223 million in outflows from digital asset investment products last week

The latest report from CoinShares shows that last week saw the first outflow of funds in 15 weeks of digital asset investment. As of the end of the week, the total outflow amount reached $223 million. The week started strongly, with inflows reaching $883 million, but the trend reversed in the second half of the week, which may have been triggered by a tough FOMC meeting and a series of better-than-expected US economic data.
Bitcoin outflows were $404 million this week. Nonetheless, year-to-date inflows remain strong at $20 billion. Ethereum, despite suffering a shock later in the week, recorded its 15th consecutive week of net inflows totaling $133 million, indicating strong market optimism for the asset. XRP, Solana, and SEI also found good support at $31.20 million, $8.80 million, and $5.80 million, respectively. Aave and Sui saw inflows at $1.20 million and $800,000, respectively.