CoinShares: Last week, net outflows from digital asset investment products amounted to $360 million, with Bitcoin outflows reaching $946 million

According to CoinShares' latest weekly report, last week saw a total net outflow of $360 million from digital asset investment products, primarily due to investors interpreting Federal Reserve Chairman Powell's comments on potential interest rate cuts as a hawkish stance, leading to uncertainty in the market.

The United States led the outflow, with a net outflow of $439 million, while Germany and Switzerland recorded small net inflows of $32 million and $30.8 million, respectively, partially offsetting the outflow from the U.S. Bitcoin saw an outflow of $946 million.

In contrast, Solana attracted a net inflow of $421 million, marking the second-highest record in history, with funds mainly flowing into the newly launched U.S. ETF, bringing its year-to-date net inflow to $3.3 billion. Ethereum also recorded a net inflow of $57.6 million.