CoinShares: Digital Asset Investment Products Saw $223 Million in Outflows Last Week
According to a report by Jinse Finance, the latest report from a certain exchange shows that digital asset investments experienced net outflows for the first time in 15 weeks last week, with total outflows reaching $223 million by the end of the week. The week started strong, with inflows amounting to $883 million, but this trend reversed in the latter half of the week, likely triggered by a hawkish FOMC meeting and a series of better-than-expected U.S. economic data. Bitcoin saw outflows of $404 million this week. Nevertheless, year-to-date inflows remain robust at $20 billion. Despite facing headwinds later in the week, Ethereum still achieved net inflows for the 15th consecutive week, totaling $133 million, indicating strong market optimism for the asset. XRP, Solana, and SEI also received solid support, with inflows of $31.2 million, $8.8 million, and $5.8 million, respectively. Aave and Sui saw inflows of $1.2 million and $800,000, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB Treasury company CEA Industries appoints digital asset expert Annemarie Tierney as director
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
