CoinShares: Digital asset investment products saw an outflow of $1.94 billion last week, reaching a recent high

According to CoinShares' latest research report, digital asset investment products recorded a massive outflow of $1.94 billion last week, bringing the total outflow over four weeks to $4.92 billion, which accounts for 2.9% of total assets under management, marking 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 were evident last Friday, with inflows of $225 million and $57.5 million recorded on that day. Short Bitcoin products continued to be favored, with inflows of $40 million over the past three weeks.

Notably, Solana saw an outflow of $156 million, while XRP experienced an inflow of $89.3 million. Despite the recent large outflows, the total inflow for the year to date remains high at $44.4 billion.