On November 3, according to a CoinShares report, digital asset investment products saw a total net outflow of $360.00 million last week, mainly due to investors interpreting Federal Reserve Chairman Powell's comments on potential interest rate cuts in December as a hawkish stance, leading to market uncertainty.The United States led the outflow, with net outflows reaching $439.00 million, while Germany and Switzerland recorded small net inflows of $32.00 million and $30.80 million, respectively, partially offsetting the U.S. outflows.Bitcoin outflows amounted to $946.00 million. In contrast, Solana attracted net inflows of $421.00 million, the second highest on record, with funds mainly flowing into the newly launched U.S. ETF, bringing its year-to-date net inflows to $3.30 billion. Ethereum also recorded net inflows of $57.60 million.[Techflow]
On November 3, according to a CoinShares report, digital asset investment products saw a total net outflow of $360.00 million last week, mainly due to investors interpreting Federal Reserve Chairman Powell's comments on potential interest rate cuts in December as a hawkish stance, leading to market uncertainty.The United States led the outflow, with net outflows reaching $439.00 million, while Germany and Switzerland recorded small net inflows of $32.00 million and $30.80 million, respectively, partially offsetting the U.S. outflows.Bitcoin outflows amounted to $946.00 million. In contrast, Solana attracted net inflows of $421.00 million, the second highest on record, with funds mainly flowing into the newly launched U.S. ETF, bringing its year-to-date net inflows to $3.30 billion. Ethereum also recorded net inflows of $57.60 million.[Techflow]
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