According to a recent research report by CoinShares, digital asset investment products recorded a massive outflow of $1.94 billion last week, bringing the cumulative outflow over four weeks to $4.92 billion, representing 2.9% of total assets under management. This is the third largest outflow since 2018. Bitcoin and Ethereum led the decline, with outflows of $1.27 billion and $589 million respectively. However, signs of recovery emerged on Friday, with inflows of $225 million and $57.5 million respectively. Short-selling Bitcoin products continued to be favored, with $40 million flowing in over three weeks. Notably, Solana saw an outflow of $156 million, while XRP bucked the trend with an inflow of $89.3 million. Despite the recent large outflows, total inflows year-to-date remain high at $44.4 billion.