Digital Asset Funds See $812 Million Weekly Outflows Amid Rate Cut Uncertainty

CoinShares data shows $812 million in digital asset fund outflows last week, primarily due to reduced expectations for a Federal Reserve rate cut after stronger-than-expected US macroeconomic data. Despite this, cumulative year-to-date inflows remain at $39.6 billion, approaching last year’s record. The US accounted for $1 billion in outflows, while Switzerland, Canada, and Germany saw inflows. Bitcoin experienced $719 million in outflows, Ethereum $409 million, while Solana and XRP saw inflows of $291 million and $93.1 million, respectively.

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