CoinShares: Digital Asset Investment Products Saw a Net Outflow of $812 Million Last Week

BlockBeats News, September 29th. According to the latest weekly report from CoinShares, driven by weakening rate cut expectations in the US despite strong macroeconomic data, digital asset investment products saw a net outflow of $812 million last week, but year-to-date net inflows still reached $39.6 billion. The US saw a net outflow of about $1 billion in a single week; Switzerland (+$126.8 million), Canada (+$58.6 million), and Germany (+$35.5 million) saw net inflows. In terms of assets, Bitcoin saw a net outflow of $719 million, Ethereum saw a net outflow of $409 million; Solana saw a net inflow of $291 million, XRP saw a net inflow of $93.1 million. Net inflows for the month were around $4 billion, approaching last year's record of $48.6 billion. The report noted no synchronous increase in Short Bitcoin demand.