Digital Asset Funds See $446 Million Weekly Outflows Led by Ethereum and Bitcoin
According to CoinShares, digital asset investment products saw $446 million in weekly outflows, led by $460 million from the U.S., while Germany added $35.7 million; XRP drew $70.2 million and Solana $7.5 million.
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Summary
CoinShares reported $446 million in weekly outflows from digital asset investment products, bringing total outflows since October 10 to $3.2 billion. The U.S. led with $460 million in redemptions, while Germany recorded $35.7 million in inflows. XRP and Solana saw net inflows of $70.2 million and $7.5 million, respectively.
Terms & Concepts
- Digital Asset Investment Products: Managed financial instruments that provide exposure to cryptocurrencies, such as ETFs or trusts, without requiring direct ownership of the assets.
- Outflows: The amount of capital withdrawn or redeemed from a financial product or market within a specific period.
- Inflows: Net capital moving into a financial product or market over a specific period, indicating increased investor allocation.