Last week, digital asset investment products saw a net outflow of $360 million, with Bitcoin witnessing an outflow of $946 million.
BlockBeats News, November 3rd, according to the latest weekly report from CoinShares, digital asset investment products saw a total of $360 million in net outflows last week, mainly due to investors interpreting Federal Reserve Chairman Powell's comments on a potential rate cut in December as a hawkish stance, leading to market uncertainty.
The United States led this fund outflow, with a net outflow of $439 million, while Germany and Switzerland saw small net inflows of $32 million and $30.8 million, respectively, partially offsetting the outflows from the United States.
Bitcoin outflows reached $946 million. In contrast, Solana attracted a net inflow of $421 million, marking the second-highest historical record, with funds mainly flowing into the newly launched U.S. ETF, bringing its year-to-date net inflows to $3.3 billion. Ethereum also saw a net inflow of $57.6 million.
You may also like

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?
