According to ChainCatcher, CoinShares' latest weekly report shows that the total outflow of digital asset investment products last week reached $600 million, the largest outflow since March 22, 2024. This may be due to the tougher-than-expected stance of the FOMC meeting, prompting investors to reduce their exposure to fixed supply assets.
The outflow of funds was entirely concentrated on Bitcoin, with an outflow of $621 million. Bearish sentiment also prompted $1.8 million to flow into Bitcoin short positions.
There were inflows in a variety of altcoins, led by Ethereum, LIDO, and XRP, with inflows of $13 million, $2 million, and $1 million, respectively.