CoinShares: Digital asset investment products received $308 million in inflows last week

According to the latest weekly report from CoinShares, digital asset investment products saw continued inflows last week, totaling $308 million. The largest single-day outflow on December 19th totaled $576 million, and the total outflow for the last two days of last week was $1 billion. The recent price adjustment resulted in a decrease of $17.7 billion in total assets under management (AuM) for digital asset ETPs, which may be a response to the hawkish dot plot released by the FOMC on Wednesday.

Bitcoin still recorded net inflows this week, totaling $375 million, while bearish Bitcoin investors were less active. Ethereum saw a fund inflow of $51 million, while Solana saw a fund outflow of $8.7 million. The most outflow was from multi-asset investment products, with a total outflow of $121 million last week. However, many altcoins are still flowing in, such as XRP ($8.8 million), Horizen ($4.8 million), and Polkadot ($1.9 million), indicating that investors are more inclined to take a more selective approach.