CoinShares: Digital asset investment products saw a net outflow of $415 million last week

Odaily reported that according to the latest weekly report from CoinShares, digital asset investment products experienced a significant outflow of $415 million after 19 consecutive weeks of record inflows. The main reason for the outflow was the hawkish remarks by Federal Reserve Chairman Powell and the higher-than-expected US CPI data, which led to increased market expectations for interest rate hikes. Bitcoin was the most affected, with an outflow of $430 million. Most of the outflows came from the US, reaching $464 million, while other countries' markets were relatively unaffected. Germany, Switzerland, and Canada recorded inflows of $21 million, $12.5 million, and $10.2 million, respectively. was the asset with the highest inflows at $9 million, followed by ($8.5 million) and ($6 million).