TechFlow news, on March 3, the latest weekly report from CoinShares showed that digital asset investment products experienced outflows for a third consecutive week, with last week's outflow reaching a record $2.9 billion, bringing the total outflows over three weeks to $3.8 billion. CoinShares analysis suggests this round of outflows was driven by multiple factors, including the recent Bybit hack, the Federal Reserve's more hawkish stance, and profit-taking following 19 consecutive weeks of cumulative inflows totaling $29 billion.
The report noted that Bitcoin bore the brunt, seeing outflows of $2.59 billion last week, while short Bitcoin products saw a minor inflow of $2.3 million. Ethereum was similarly affected, recording 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 inflows of $15.5 million, followed by XRP with $5 million in inflows.
