CoinShares reported a significant shift last week as digital asset investment products saw a $223 million net outflow amid hawkish FOMC signals, with Bitcoin losing $404 million and Ethereum registering a $133 million inflow.
A CoinShares report detailed that after 15 consecutive weeks of inflows, digital asset investment products experienced a net outflow of $223 million last week. Early inflows of $883 million reversed amid hawkish FOMC remarks and robust economic data that pushed market sentiment into a risk-off mode. Bitcoin products registered $404 million in outflows, while Ethereum recorded a $133 million inflow, contributing to year-to-date inflows of roughly $20 billion for Bitcoin and $8 billion for Ethereum. Altcoins like XRP, Solana, and SEI also saw modest inflows, and over the past 30 days, digital asset investments netted $12.2 billion.