CoinShares Records $921 Million Inflows in Digital Asset Products Post-US CPI Data
CoinShares attributes U.S.-led outflows to hawkish remarks by Fed Chair Powell, with Bitcoin losing heavily while Solana posts record inflows to ETFs.
BTC
SOL
Summary
CoinShares reported $360 million in total net outflows from digital asset investment products last week, driven by $439 million withdrawn from the U.S. market after Federal Reserve Chair Jerome Powell signaled a hawkish policy stance. Bitcoin investment products suffered $946 million in outflows, marking the largest drop of the week. In contrast, Solana recorded $421 million of inflows into newly launched U.S.-listed ETFs, the second-highest weekly inflow in its history. The data reveals a sharp divergence in investor sentiment toward different crypto assets.
Terms & Concepts
- Digital Asset Investment Products: Financial instruments that provide exposure to cryptocurrencies or blockchain-based assets without direct ownership of the underlying asset.
- Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, allowing investors to gain exposure without directly holding the cryptocurrency.