According to ChainCatcher, the latest weekly report from CoinShares shows that digital asset investment products have experienced three consecutive weeks of capital outflows, with a record-breaking $2.9 billion outflow last week, bringing the total outflow to $3.8 billion over the past three weeks. CoinShares analysis suggests that this round of outflows is influenced by multiple factors, including the recent Bybit hacking incident, the Federal Reserve's more hawkish stance, and profit-taking after a cumulative inflow of $29 billion over the previous 19 weeks.
The report indicates that Bit experienced the biggest impact, with an outflow of $2.59 billion last week, while short Bit products saw a slight inflow of $2.3 million. Ethereum was also not spared, with a record single-week outflow of $300 million. Solana and TON saw outflows of $7.4 million and $22.6 million, respectively. The best performers were Sui, with an inflow of $15.5 million, and XRP, with an inflow of $5 million.
