Digital asset investment products experienced a net outflow of approximately $446 million last week, according to CoinShares. This brings the total outflow since October 10th to around $3.2 billion, highlighting ongoing negative sentiment in the market. The United States was the primary source of these outflows, contributing $460 million, while Switzerland saw a minor outflow of $14.2 million. Conversely, Germany recorded a net inflow of $35.7 million, boosting its monthly inflow to $248 million.
Despite the overall outflows, XRP and Solana have attracted significant investments following the launch of their US stock ETFs in mid-December, with net inflows of $70.2 million and $7.5 million respectively last week. Their cumulative inflows now stand at approximately $10.7 billion and $13.4 billion. In contrast, Bitcoin and Ethereum faced substantial outflows of $443 million and $59.5 million respectively last week, with cumulative outflows reaching $2.8 billion and $1.6 billion since their ETF launches. Total assets under management have increased by only 10% this year.
Digital Asset Investment Products Face $446 Million Outflow, CoinShares Reports
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