CoinShares: Digital asset investment products saw net outflows of $454 million last week

PANews, January 12 – According to the latest weekly report from CoinShares, digital asset investment products recorded a net outflow of $454 million last week, with a cumulative outflow of $1.3 billion over the past four days, almost offsetting the $1.5 billion net inflow at the beginning of the year. The main reason is the diminished expectation of a Federal Reserve rate cut in March. The US market saw a net outflow of $569 million, while Germany, Canada, and Switzerland recorded inflows of $58.9 million, $24.5 million, and $21 million, respectively. Bitcoin and Ethereum saw outflows of $405 million and $116 million, respectively; Solana, XRP, and Sui recorded inflows of $32.8 million, $45.8 million, and $7.6 million, respectively.