Digital Asset Investment Sees Mixed Flows Amid Market Volatility

According to PANews, recent data from CoinShares reveals that digital asset investment products experienced a net inflow of $308 million last week. However, a significant single-day outflow of $576 million on December 19 led to a total outflow of $1 billion over the weekend. This was influenced by the hawkish policies of the Federal Open Market Committee (FOMC), resulting in a $17.7 billion decrease in total assets under management (AuM) for digital asset exchange-traded products (ETPs), representing 0.37% of the total AuM. Despite these challenges, Bitcoin recorded a net inflow of $375 million for the week, with limited activity from short investors. Ethereum saw inflows of $51 million, while Solana experienced an outflow of $8.7 million. Multi-asset investment products faced a net outflow of $121 million. Nonetheless, some altcoins, including XRP with $8.8 million, Horizen with $4.8 million, and Polkadot with $1.9 million, managed to record net inflows.