CoinShares: Digital Asset Investment Products See Net Outflows of $454 Million Last Week

According to the latest weekly report from CoinShares, digital asset investment products recorded net outflows of $454 million last week, with cumulative outflows reaching $1.3 billion over the past four days, nearly offsetting the $1.5 billion in net inflows seen at the beginning of the year. This is primarily attributed to weakened expectations for a Fed rate cut in March. The US market saw net outflows of $569 million, while Germany, Canada, and Switzerland recorded inflows of $58.9 million, $24.5 million, and $21 million, respectively. Bitcoin and Ethereum saw outflows of $405 million and $116 million, respectively; whereas Solana, XRP, and Sui recorded inflows of $32.8 million, $45.8 million, and $7.6 million, respectively.