Digital asset investment products recorded their fourth consecutive week of outflows, totaling $173 million, according to CoinShares. This brings the four-week cumulative outflows to $3.74 billion. Despite initial inflows of $575 million early in the week, continued price weakness led to $853 million in outflows. However, sentiment improved slightly on Friday with $105 million in inflows following softer CPI data.
Bitcoin investment products saw $133 million in outflows, while Ethereum experienced $85.1 million in withdrawals. In contrast, altcoin-focused products like XRP and Solana attracted $33.4 million and $31 million, respectively. Regional differences were notable, with the US seeing $403 million in outflows, while international markets, led by Germany, Canada, and Switzerland, collectively gained $230 million in new capital.
Crypto Funds Face Fourth Week of Outflows, XRP and SOL See Inflows
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