CoinShares: Net outflow of $876 million in digital asset investment products last week
According to CoinShares' latest weekly report, digital asset investment products saw outflows for the fourth consecutive week, totaling $876 million. Affected by the combination of falling prices and continued outflows, total assets under management (AuM) fell by $39 billion from its peak to $142 billion, the lowest since mid-November 2024.
Bitcoin saw outflows of $756 million last week, and short bitcoins also saw outflows of $19.80 million, the largest outflow since December 2024. Multiple counterfeit products also saw outflows, Ethereum ($89 million), Tron ($32 million) and Aave ($2.40 million). Conversely, Solana, XRP and Sui continued to flow in, totaling $16.40 million, $5.60 million and $2.70 million respectively. Blockchain-related equity ETPs also failed to shake off the negative sentiment, with outflows of $48 million last week.