Digital asset funds have seen net outflows for five consecutive weeks, totaling $6.4 billion, setting a record

PANews reported on March 17 that according to the latest report from CoinShares, digital asset investment products have experienced capital outflows for five consecutive weeks, totaling $6.4 billion, the most serious capital outflow on record. This week, the outflow amounted to $1.7 billion, of which Bitcoin had a net outflow of $978 million, and the cumulative outflow in the past five weeks was $5.4 billion.

The US market accounted for 93% of the outflow, reaching $1.16 billion. Switzerland saw an outflow of $528 million due to the withdrawal of seed investors, while Germany saw a small inflow of $8 million. Ethereum and Solana saw outflows of $175 million and $2.2 million respectively, while XRP bucked the trend and inflowed $1.8 million. Binance's assets under management (AuM) were almost wiped out due to the withdrawal of seed investors, leaving only $15 million. In addition, blockchain stock investment products saw an outflow of $40 million last week.

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Author: PA一线

This content is for market information only and is not investment advice.

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