CoinShares: Digital asset investment products ended a consecutive 11-week trend of net inflows, with an outflow of $16 million last week

ChainCatcher message, according to CoinShares' latest published "Digital Asset Fund Flow Weekly", digital asset investment products have recently experienced a small outflow of funds totaling 16 million USD, ending a consecutive 11-week trend of inflows. Trading activity remains well above this year's average level, with a total trading volume of 3.6 billion USD last week.

It is reported that Bitcoin experienced the largest outflow, reaching 33 million USD last week, while products shorting Bitcoin also saw a small outflow of 300,000 USD. In contrast, other cryptocurrencies represented by Solana, Cardano, XRP, and Chainlink achieved an inflow of 21 million USD.

Additionally, Ethereum and Avalanche experienced outflows of 4.4 million USD and 1 million USD, respectively. Meanwhile, blockchain stocks continue to receive support from positive sentiment, attracting a substantial inflow of 122 million USD last week, bringing the cumulative inflow over the past 9 weeks to 294 million USD, setting a new historical record.