PANews reported on February 17 that according to the latest weekly data from CoinShares, digital asset investment products experienced a significant outflow of funds for the first time after a record 19 consecutive weeks of capital inflows, totaling $415 million. The main reason for the outflow was the hawkish remarks of Federal Reserve Chairman Powell and the US CPI data exceeding expectations, which led to higher market expectations for interest rates. Bitcoin was the most affected, with an outflow of $430 million.

Most of the outflows came from the United States, 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.

Solana was the asset with the most inflows, with $8.9 million, followed by XRP ($8.5 million) and Sui ($6 million). In addition, blockchain stocks also attracted $20.8 million in inflows, bringing the total to $220 million so far this year.