CoinShares Report: Digital asset investment products saw a net outflow of $500 million last week.

According to the latest Digital Asset Fund Flow Weekly Report released by CoinShares on January 29th, global digital asset investment products experienced significant outflows last week, totaling $500 million. Grayscale's outflows last week totaled $2.2 billion, although data shows that outflows are decreasing, with daily totals decreasing throughout the week. Of particular note, newly issued US ETFs attracted $1.8 billion in inflows last week and have attracted a total of $5.94 billion in inflows since January 11th. From a regional perspective, outflows were mainly concentrated in the United States ($409 million), Switzerland ($60 million), and Germany ($32 million). Against the backdrop of this large-scale outflow of funds, Bitcoin suffered a $479 million outflow, while investment products shorting Bitcoin saw an inflow of $10.6 million. Other major alternative coins such as Ethereum, Polkadot, and Chainlink also experienced outflows of $39 million, $0.7 million, and $0.6 million, respectively. Meanwhile, blockchain stocks saw inflows of $17 million last week.