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CoinShares: Digital asset investment products had a net outflow of 360 million USD last week.
According to Deep Tide TechFlow news on November 3, CoinShares reported that last week, digital asset investment products saw a total net outflow of $360 million, mainly because investors interpreted Fed Chairman Powell's comments on the potential rate cut in December as a hawkish stance, leading the market into a state of uncertainty.
The United States led the capital outflow, with a net outflow of $439 million, while Germany and Switzerland recorded small net inflows of $32 million and $30.8 million, respectively, partially offsetting the outflow from the United States.
The outflow amount of Bitcoin reached 946 million USD. In contrast, Solana attracted a net inflow of 421 million USD, setting a historical second-high record, with funds mainly flowing into the newly launched US ETF, bringing its year-to-date net inflow to 3.3 billion USD. Ethereum also recorded a net inflow of 57.6 million USD.