CoinShares: Digital asset investment products received $308 million in inflows last week

According to the latest weekly report from CoinShares, digital asset investment products continued to see inflows last week, totaling $308 million. Despite a record single-day outflow of $576 million on December 19, the total outflows for the last two days of the week were $1 billion. The recent price adjustments have led to a $17.7 billion decrease in the total assets under management (AuM) of digital asset ETPs, which may be a response to the hawkish dot plot released by the FOMC on Wednesday. Bitcoin recorded net inflows of $375 million this week, while short Bitcoin investment activity was lower. Ethereum saw $51 million in inflows, while Solana saw $8.7 million in outflows. The largest outflows were from multi-asset investment products, which saw $121 million in outflows last week. However, many Altcoins continued to see inflows, such as XRP ($8.8 million), Horizen ($4.8 million), and Polkadot ($1.9 million), indicating that investors are taking a more selective approach.