CoinShares: Net outflow of $952 million in digital asset investment products last week

CoinShares released its latest weekly report, saying that last week, digital asset investment products saw their first outflows in four weeks, totaling $952 million. This reflects the negative market reaction to the delay in passing the Clarity Act in the United States, which has exacerbated the regulatory uncertainty of such assets. At the same time, the market is also concerned about the continued selling of giant whale investors. Therefore, it seems unlikely that the inflows of funds into exchange-traded products (ETPs) will exceed last year's level, with total assets under management of $46.70 billion, compared with an expected $48.70 billion in 2024.
Ethereum suffered the largest outflow, totaling $555 million, which is understandable considering that it may benefit or suffer the most from the Clarity Act. It is worth noting that this year's Ethereum inflows have far exceeded last year's, reaching $12.70 billion, compared to $5.30 billion last year. Bitcoin outflows were $460 million, well behind expectations, with inflows of $27.20 billion in 2024 compared to expected inflows of $41.60 billion. Solana and XRP continued to receive funding support, with inflows of $48.50 million and $62.90 million respectively.