CoinShares: Digital asset investment products saw outflows of $1.94 billion last week, a recent high.

According to a recent research report by CoinShares, digital asset investment products recorded a massive outflow of $1.94 billion last week, bringing the cumulative outflow over four weeks to $4.92 billion, representing 2.9% of total assets under management. This is the third largest outflow since 2018.

Bitcoin and Ethereum led the decline, with outflows of $1.27 billion and $589 million respectively, but signs of recovery emerged last Friday, with inflows of $225 million and $57.5 million respectively. Short Bitcoin products continued to be favored, with $40 million flowing in over three weeks.

It's worth noting that Solana saw an outflow of $156 million, while XRP bucked the trend with an inflow of $89.3 million. Despite the recent large-scale outflows, total inflows year-to-date remain at a high level of $44.4 billion.