Digital asset funds see $513M net outflow, reversing inflow trend

Digital asset investment products recorded net outflows of $513 million last week, reversing a two-week trend of inflows, CoinShares reported. The outflows were driven by Bitcoin products, which saw $946 million exit. In contrast, products tracking ETH, SOL, and XRP recorded inflows of $255 million, $156 million, and $73.9 million, respectively. CoinShares explained that the outflows were primarily concentrated in the United States. The firm also noted that ETP investors seemed unaffected by the bearish on-chain sentiment that followed record-breaking forced liquidations on Oct. 11.