CoinShares: Net outflow of $1.17 billion from digital asset investment products last week.
CoinShares released its latest weekly report, stating that digital asset investment products saw capital outflows for the second consecutive week last week, totaling $1.17 billion. The market sentiment is pessimistic due to the continuous fluctuations in the cryptocurrency market since the liquidity crisis on October 10th and the uncertain prospect of a rate cut in the US in December. However, ETP trading volume remains high at $43 billion.
Last week, Bitcoin became the focus of the market, with total outflows amounting to $932 million. Inflows into short Bitcoin ETPs totaled $11.8 million, setting the highest single-week inflow volume since May 2025. Ethereum also saw significant outflows, totaling $438 million. The altcoin market remains strong, with Solana seeing a trading volume of $1.18 billion last week and a cumulative trading volume of $21 billion over the past 9 weeks. Other notable inflows include HBAR ($26.8 million) and Hyperliquid ($4.2 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
With CoreWeave fueling the AI frenzy, can Nebius (NBIS.US) defend the AI computing power rally with explosive performance?
At Wednesday’s US stock market close, strong earnings reports and financing plans from CoreWeave drove collective gains in the storage chip, AI chip, optical interconnect, and new cloud sectors. CoreWeave and Nebius surged by approximately 24.7% and 15.4%, respectively. However, after the bell, media reports regarding another extramarital affair involving Jensen Huang and discussions by the board about his tenure caused Nvidia to drop more than 8%, putting pressure on the prices of most AI computing power-related stocks.
