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

CoinShares released its latest weekly report saying that digital asset investment products suffered outflows of up to $2 billion last week, setting a record for the largest single-week outflow since February this year. This is the third consecutive week of outflows, and the cumulative outflow amount has reached $3.20 billion. Affected by the recent price drop, the total asset management size (AuM) of digital asset ETPs has fallen from the peak of $264 billion in early October to $191 billion, a decrease of 27%.
Bitcoin bore the brunt of the negative sentiment, with outflows totaling $1.38 billion last week, three consecutive weeks of outflows now accounting for 2% of its total asset management. Ethereum fared even worse, with outflows reaching $689 million last week, accounting for 4% of its asset management. Solana and XRP also saw small outflows of $8.30 million and $15.50 million, respectively.