CoinShares: Last week, digital asset investment products saw an outflow of $600 million, the largest outflow since March 22 of this year
ChainCatcher news, CoinShares' latest weekly report shows that the total outflow of digital asset investment products reached $600 million last week, the largest outflow since March 22, 2024. This may be due to the FOMC meeting's stance being more hawkish than expected, prompting investors to reduce their exposure to fixed-supply assets.
The outflow of funds was entirely concentrated in Bitcoin, with an outflow amounting to $621 million. Bearish sentiment also led to an inflow of $1.8 million into Bitcoin short positions.
Various altcoins experienced inflows, led by Ethereum, LIDO, and XRP, which saw inflows of $13 million, $2 million, and $1 million, respectively.
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