PANews reported on March 10 that according to CoinShares' latest weekly report, digital asset investment products have seen outflows for the fourth consecutive week, totaling $876 million. Although this indicates a slowdown in the pace of outflows, investor sentiment remains bearish. Cumulative outflows during this period have now reached $4.75 billion, reducing inflows so far this year to $2.6 billion. Affected by falling prices and continued outflows, total assets under management (AuM) fell by $39 billion from its peak to $142 billion, the lowest point since mid-November 2024. Regionally, U.S. investors were the most bearish, withdrawing $922 million, while most other regions saw this as a buying opportunity, most notably Switzerland, Canada, and Germany, with inflows of $23 million, $14.7 million, and $13.3 million, respectively.
Bitcoin was the main focus, with $756 million in outflows last week, although short Bitcoin also saw outflows of $19.8 million, the largest outflow since December 2024. Multiple altcoins also saw outflows, most notably Ethereum ($89 million), Tron ($32 million), and Aave ($2.4 million). Conversely, Solana, XRP, and Sui continued to see inflows, totaling $16.4 million, $5.6 million, and $2.7 million, respectively. Blockchain-related stock ETPs also failed to escape negative sentiment, with $48 million in outflows last week.
