CoinShares Weekly Report: Global digital asset funds saw a net outflow of $223 million, marking the first outflow in 15 weeks.

According to the CoinShares weekly report, global digital asset investment products experienced a net outflow of $223 million last week, marking the first week of net outflow after 15 consecutive weeks of net inflow.

Despite a global inflow of $883 million into digital asset fund products early last week, on Friday, the market experienced an outflow of over $1 billion, reversing this trend. Analysts believe that this shift may be a chain reaction to the hawkish signals released by the Federal Reserve and the stronger-than-expected U.S. economic data.

The analysis also pointed out that considering the cumulative net inflow of the digital asset fund market reached 12.2 billion USD in the past 30 days (accounting for half of this year's total inflow), the current slight profit-taking phenomenon may be reasonable.

Among various asset performances, BTC has been most affected by negative sentiment, with a weekly capital outflow reaching $404 million, indicating its sensitivity to changes in monetary policy. Nevertheless, the cumulative capital inflow in BTC has still exceeded $20 billion year-to-date.

At the same time, although Ethereum also faced some selling pressure last Friday, it still recorded a net inflow for the 15th consecutive week, with a weekly cumulative inflow amounting to nearly $134 million, showing that the market's optimistic sentiment towards this digital asset remains solid. In addition, XRP and Solana also attracted funds, recording weekly inflows of $31.3 million and $8.8 million, respectively.

From the perspective of country/region distribution, the capital flow is distinctly divergent. The US market saw a net outflow of $383 million last week, making it the largest outflow country; Germany, Sweden, and Brazil experienced net outflows of $35.5 million, $33.3 million, and $12.8 million respectively in a single week. Meanwhile, Hong Kong, Switzerland, and Canada recorded net outflows of $170 million, $52.4 million, and $12.4 million last week.

In summary, although the weekly report analysis suggests that this may just be a routine reaction to profit-taking, especially in the context of such substantial cumulative inflows, the subtle changes in market sentiment cannot be ignored in light of the Federal Reserve's hawkish signals and unexpectedly strong economic data.

In the coming weeks, it is worth observing whether the global crypto derivatives market will continue to see inflows after a brief consolidation or enter a period of capital rotation.

#数字资产基金 # capital inflow #investor sentiment