[CoinShares: Digital Assets Saw $812 Million Net Outflows Last Week]
The CoinShares weekly report shows that as of September 29, digital asset investment products experienced $812 million in net outflows last week, influenced by strong U.S. macroeconomic data weakening expectations of rate cuts. The U.S. recorded approximately $1 billion in net outflows, while Switzerland, Canada, and Germany saw net inflows of $126.8 million, $58.6 million, and $35.5 million, respectively.
By asset, Bitcoin and Ethereum saw net outflows of $719 million and $409 million, respectively, while Solana and XRP recorded net inflows of $291 million and $93.1 million, respectively.
Year-to-date net inflows stand at $39.6 billion, approaching last year's record of $48.6 billion. The report noted no increase in demand for Short Bitcoin.