CoinShares: Digital Asset Investment Products Saw $1.43 Billion in Outflows Last Week

According to a report by Jinse Finance, the latest CoinShares report shows that digital asset investment products saw a significant outflow of funds last week for the first time in several weeks, totaling $1.43 billion—the highest level since March. Last week, as investor sentiment toward U.S. monetary policy became increasingly polarized, exchange-traded product (ETP) trading volume reached $38 billion, about 50% higher than this year’s average. Early in the week, pessimism surrounding the Federal Reserve’s stance led to $2 billion in outflows. However, after Jerome Powell’s speech at the Jackson Hole symposium, which was widely interpreted as more dovish than expected, market sentiment shifted, resulting in $594 million in inflows. Ethereum saw a significant midweek rebound, limiting outflows to $440 million, while Bitcoin experienced $1 billion in outflows. Data so far this month shows Ethereum has seen $2.5 billion in inflows, while Bitcoin has had a net outflow of $1 billion, marking a notable shift in investor sentiment toward these two assets. Year-to-date, Ethereum’s inflows account for 26% of its total assets under management, compared to just 11% for Bitcoin.