Significant Shift in Digital Asset Fund Flows
The latest weekly fund flow report reveals a notable capital exodus from digital asset investment products. Data indicates a net outflow of approximately $1.47 billion last week, marking the second consecutive week of negative flows and ranking as the third-largest weekly outflow recorded this year.
Bitcoin Products Face Year's Strongest Selling Pressure
Among various assets, Bitcoin investment products experienced the most pronounced outflows. Last week saw net withdrawals exceeding $1.3 billion from these products, setting a new weekly record for the year. While the year-to-date cumulative outflow has decreased from $3.9 billion the previous week to $2.6 billion, the recent sharp outflows suggest that investor positions can unwind rapidly during periods of heightened market uncertainty.
Slowing Inflows for Other Cryptocurrencies
Concurrently, Ethereum investment products also saw outflows, with approximately $223 million withdrawn last week, a figure largely consistent with the prior week. Although a few other cryptocurrencies, such as XRP, Near, and Solana, continued to attract modest net inflows, the scale of these inflows generally diminished compared to the preceding week. For instance, XRP saw around $31.8 million in inflows, Near attracted approximately $9 million (against an asset under management of about $74 million), and Solana garnered roughly $7.7 million. This overall pattern underscores a broad-based decline in investor risk appetite within the current market climate.