CoinShares: Last week, digital asset investment products saw their first net outflow in 5 weeks at $414 million, with $222 million outflow from Ethereum.
Foresight News reports that CoinShares has released its latest weekly report indicating a net outflow of $414 million from digital asset investment products last week, marking the first outflow in nearly five weeks. Due to the Iran conflict, inflation concerns, and expectations of a Federal Reserve rate hike, total assets under management (AuM) dropped to $129 billion. Regionally, negative sentiment was mainly concentrated in the United States, which saw outflows of $445 million, while Germany and Canada recorded inflows of $21.2 million and $15.9 million, respectively. Ethereum experienced the most significant outflows of $222 million due to news related to the Clarity Act, bringing total net outflows since the start of the year to $273 million. Bitcoin saw an outflow of $194 million last week but has still maintained a net inflow of $964 million so far this year; short Bitcoin investment products had inflows of $4 million; Solana recorded outflows of $12.3 million; and XRP saw inflows of $15.8 million.
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