TechFlow reported, CoinShares released a report showing that digital asset investment products experienced $726 million in outflows last week, matching the largest single-week outflow record set in March this year. Bitcoin saw $643 million in outflows, while short Bitcoin products recorded a small inflow of $3.9 million.
Ethereum had $98 million in outflows, primarily from Grayscale Trust. In contrast, Solana attracted $6.2 million in inflows, the highest among all assets.
CoinShares noted that stronger-than-expected macroeconomic data last week increased the likelihood of a 25-basis-point rate cut by the Federal Reserve, leading to negative market sentiment. Investors are now awaiting Tuesday's Consumer Price Index (CPI) inflation report to assess the possibility of a 50-basis-point rate cut.
