According to CoinShares, digital asset investment products saw a net outflow of $360 million last week, primarily driven by Federal Reserve Chairman Jerome Powell's hawkish comments regarding the prospect of a December rate cut. Bitcoin ETFs saw outflows of $946 million. Solana experienced a net inflow of $421 million, the second-highest ever, boosted by the launch of a new US ETF. Ethereum also recorded a net inflow of $57.6 million.
Last week, digital asset investment products saw a net outflow of $360 million.
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