CoinShares: Net outflow of $360 million from digital asset investment products last week.

CoinShares' latest weekly report shows that digital asset investment products saw a net outflow of $360 million last week, primarily due to investors interpreting Federal Reserve Chairman Powell's comments on a potential December rate cut as hawkish, leading to market uncertainty. The US led the outflow, with a net outflow of $439 million, while Germany and Switzerland recorded smaller net inflows of $32 million and $30.8 million respectively, partially offsetting the US outflow. Bitcoin saw an outflow of $946 million. In contrast, Solana attracted a net inflow of $421 million, the second-highest ever, with funds mainly flowing into newly launched US ETFs, bringing its year-to-date net inflow to $3.3 billion. Ethereum also recorded a net inflow of $57.6 million.