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CoinShares: $726 million in outflows from digital asset investment products last week, matching the largest outflow on record

CoinShares' latest weekly report shows that outflows of digital asset investment products totaled $726 million last week, matching the largest outflow recorded in March this year. The analysis pointed out that this negative sentiment was driven by stronger-than-expected macroeconomic data last week, which increased the likelihood of a 25 basis point rate cut by the Federal Reserve. Among them, the total outflow of bitcoin funds was 643 million dollars, and the short bitcoin funds flowed into 3.90 million dollars; the total outflow of ethereum funds was 98 million dollars, while Solana had the largest inflow of all cryptoassets, totaling 6.20 million dollars.