CoinShares: Digital asset investment products saw a net outflow of $415 million last week
On February 17th, according to the latest weekly report data from CoinShares, digital asset investment products experienced significant outflows for the first time after a record 19 weeks of consecutive inflows, totaling $415 million. The main reason for the outflows was the hawkish comments from Federal Reserve Chair Powell and higher-than-expected US CPI data, leading to increased market expectations for interest rates. Bitcoin was most affected by this, with outflows totaling $430 million.
Most of the outflows came from the United States, totaling $464 million, while markets in other countries were relatively unaffected. Germany, Switzerland, and Canada saw inflows of $21 million, $12.5 million, and $10.2 million respectively.
Solana saw the most inflows, totaling $8.9 million, followed by XRP ($8.5 million) and Sui ($6 million). In addition, blockchain stocks attracted $20.8 million in inflows, totaling $220 million in inflows so far this year.
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.
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