CoinShares: Net outflow of $876 million in digital asset investment products last week, outflow for the fourth consecutive week

According to PANews on March 10, according to CoinShares' latest weekly report, digital asset investment products have experienced capital outflows for the fourth consecutive week, with a total amount of US$876 million. Although this indicates a slowdown in outflows, investor sentiment remains bearish. The cumulative outflows of funds during this period have now reached US$4.75 billion, reducing the inflows so far this year to US$2.6 billion. Affected by the dual impact of falling prices and ongoing capital outflows, the total asset management scale (AuM) fell from its peak to $39 billion to $142 billion, the lowest since mid-November 2024. Regionally, U.S. investors were the most bearish, withdrawing $922 million, while most other regions viewed this as a buying opportunity, most notably Switzerland, Canada and Germany, with inflows of $23 million, $14.7 million and $13.3 million, respectively.

Bitcoin was the main focus, with $756 million outflows last week, although short Bitcoin also saw $19.8 million outflows, the largest outflow since December 2024. Various altcoins have also appeared outflows, most notably Ethereum ($89 million), Tron ($32 million) and Aave ($2.4 million). Instead, Solana, XRP and Sui continued to inflow, with totals of $16.4 million, $5.6 million and $2.7 million, respectively. Blockchain-related stock ETPs have also failed to get rid of negative sentiment, with $48 million flowing out of funds last week.