PANews reported on November 17th that, according to CoinShares' latest weekly report, digital asset investment products saw a total outflow of $2 billion last week, the largest outflow since February of this year. This marks the third consecutive week of outflows, bringing the cumulative total to $3.2 billion. The firm believes that monetary policy uncertainty and selling by crypto "whales" are the main reasons for the recent market downturn. The recent price decline has caused the total assets under management (AuM) of digital asset ETPs to fall from a peak of $264 billion in early October to $191 billion, a decrease of 27%. Despite widespread negative sentiment across regions, the United States accounted for 97% of the outflows, totaling $1.97 billion, followed by Switzerland and Hong Kong with outflows of $39.9 million and $12.3 million respectively. German investors, however, bucked the trend, viewing the recent price weakness as an investment opportunity, with inflows totaling $13.2 million. Bitcoin was hit hardest, with a total outflow of $1.38 billion last week, representing 2% of its total assets under management over the past three weeks. Ethereum fared even worse, with an outflow of $689 million last week, accounting for 4% of its total assets under management. Solana and XRP also saw smaller outflows of $8.3 million and $15.5 million, respectively.