CoinShares: Digital asset investment products saw net outflows of $360 million last week, with bitcoin outflows reaching $946 million.

ChainCatcher News, according to the latest weekly report from CoinShares, digital asset investment products saw a total net outflow of $360 million last week, mainly because investors interpreted Federal Reserve Chairman Powell's comments on potential rate cuts as hawkish, leading to market uncertainty.

The United States led this capital outflow, with a net outflow of $439 million, while Germany and Switzerland recorded small net inflows of $32 million and $30.8 million respectively, partially offsetting the outflow from the US. Bitcoin saw outflows amounting to $946 million.

In contrast, Solana attracted a net inflow of $421 million, marking the second-highest record in history, with most of the funds flowing into newly launched US ETFs, bringing its year-to-date net inflows to $3.3 billion. Ethereum also recorded a net inflow of $57.6 million.